Wrapmanager Inc. Has $226,000 Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Wrapmanager Inc. cut its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 12.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,587 shares of the company’s stock after selling 231 shares during the quarter. Wrapmanager Inc.’s holdings in TKO Group were worth $226,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group in the 4th quarter worth approximately $32,000. Game Plan Financial Advisors LLC increased its holdings in TKO Group by 172.2% during the 4th 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. Blue Trust Inc. increased its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. increased its holdings in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 3.1 %

NYSE TKO opened at $155.83 on Wednesday. TKO Group Holdings, Inc. has a 52 week low of $78.69 and a 52 week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $26.61 billion, a P/E ratio of -371.02 and a beta of 1.06. The stock has a fifty day moving average of $152.65 and a 200-day moving average of $134.60.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Morgan Stanley raised their price target on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group raised their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $151.58.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel purchased 117,769 shares of TKO Group stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the transaction, the chief executive officer now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

About TKO Group

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.