Handelsbanken Fonder AB Has $2.44 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Handelsbanken Fonder AB grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,137 shares of the company’s stock after acquiring an additional 2,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in TKO Group were worth $2,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group during the 4th quarter worth $32,000. First Horizon Advisors Inc. increased its position in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC raised its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Seth D. Krauss sold 2,438 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $350,584.40. Following the completion of the sale, the insider now owns 7,983 shares in the company, valued at $1,147,955.40. The trade was a 23.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

TKO Group Price Performance

Shares of TKO opened at $161.00 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.49 billion, a PE ratio of -383.33 and a beta of 1.06. TKO Group Holdings, Inc. has a 12-month low of $78.69 and a 12-month high of $179.09. The business has a 50-day simple moving average of $152.48 and a two-hundred day simple moving average of $134.33.

Analysts Set New Price Targets

TKO has been the subject of a number of recent analyst reports. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. TD Cowen boosted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Pivotal Research boosted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley upped their price objective on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.58.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.