Sumitomo Life Insurance Co. Has $1.29 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Sumitomo Life Insurance Co. cut its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,076 shares of the company’s stock after selling 275 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in TKO Group were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Blue Trust Inc. lifted its position in shares of TKO Group by 52.4% in 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 position in shares of TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. lifted its position in 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. UMB Bank n.a. boosted its stake 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 buying an additional 115 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after buying an additional 109 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of NYSE TKO opened at $156.81 on Thursday. TKO Group Holdings, Inc. has a 1-year low of $78.69 and a 1-year high of $159.53. 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 company has a 50-day moving average of $142.95 and a two-hundred day moving average of $126.81.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Activity at TKO Group

In other TKO Group news, CEO Ariel Emanuel acquired 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell bought 89,234 shares of the stock in a transaction on Monday, January 27th. The shares were acquired at an average cost of $153.18 per share, with a total value of $13,668,864.12. Following the acquisition, the insider now directly owns 1,347,034 shares in the company, valued at approximately $206,338,668.12. This trade represents a 7.09 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,265,894 shares of company stock worth $185,095,692 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TKO. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Pivotal Research raised their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Roth Mkm upped their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $144.77.

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.