State of Alaska Department of Revenue Has $1.08 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

State of Alaska Department of Revenue trimmed its position in TKO Group Holdings, Inc. (NYSE:TKO) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,591 shares of the company’s stock after selling 120 shares during the quarter. State of Alaska Department of Revenue’s holdings in TKO Group were worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after buying an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares during the last quarter. State Street Corp grew its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares during the period. 89.79% of the stock is owned by institutional investors.

Insider Transactions at TKO Group

In other news, major shareholder Patrick Whitesell acquired 156,446 shares of TKO Group stock in a transaction on Tuesday, February 11th. The stock was acquired at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares of the company’s stock, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ariel Emanuel bought 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the chief executive officer now directly owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Pivotal Research lifted their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

TKO Group Price Performance

Shares of NYSE TKO opened at $174.49 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $148.99 and its 200-day moving average price is $131.18. The firm has a market capitalization of $29.80 billion, a P/E ratio of -415.45 and a beta of 1.06. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $179.09.

TKO Group 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.