Argonautica Private Wealth Management Inc. Acquires 123 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Argonautica Private Wealth Management Inc. boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,729 shares of the company’s stock after acquiring an additional 123 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in TKO Group were worth $388,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. raised its position in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake 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 acquiring an additional 155 shares in the last quarter. Finally, UMB Bank n.a. boosted 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 worth $39,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $155.83 on Wednesday. TKO Group Holdings, Inc. has a 12 month low of $78.69 and a 12 month high of $179.09. The stock has a market capitalization of $26.61 billion, a P/E ratio of -371.02 and a beta of 1.06. 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 is $152.65 and its 200 day moving average is $134.60.

Insider Transactions at TKO Group

In related news, CEO Ariel Emanuel bought 117,769 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the chief executive officer now directly owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell purchased 156,446 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TKO. UBS Group increased 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. Morgan Stanley lifted their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upped 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. Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $151.58.

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.