Arizona State Retirement System Buys 252 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Arizona State Retirement System boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,163 shares of the company’s stock after buying an additional 252 shares during the period. Arizona State Retirement System’s holdings in TKO Group were worth $3,007,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group in the fourth quarter worth $32,000. First Horizon Advisors Inc. raised its holdings 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 in the last quarter. Game Plan Financial Advisors LLC raised its holdings in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in TKO Group during the fourth quarter valued at $38,000. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 263,200 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the acquisition, the insider now directly owns 418,587 shares in the company, valued at $61,519,731.39. The trade was a 169.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TKO has been the subject of several research reports. Citigroup increased their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. UBS Group raised their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted 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. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Guggenheim lifted their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Performance

Shares of TKO opened at $143.39 on Monday. The company has a market cap of $24.49 billion, a price-to-earnings ratio of -341.40 and a beta of 1.08. The business’s fifty day simple moving average is $153.64 and its two-hundred day simple moving average is $136.37. TKO Group Holdings, Inc. has a 12 month low of $79.32 and a 12 month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

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.