Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Director Purchases $492,415.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft bought 3,500 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the purchase, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jonathan Kraft also recently made the following trade(s):

• On Monday, March 3rd, Jonathan Kraft bought 20,000 shares of TKO Group stock. The stock was acquired at an average cost of $151.78 per share, with a total value of $3,035,600.00.

TKO Group Stock Up 1.3 %

TKO stock opened at $147.07 on Thursday. The firm has a market cap of $25.17 billion, a PE ratio of -350.17 and a beta of 1.08. TKO Group Holdings, Inc. has a 1 year low of $79.32 and a 1 year high of $179.09. The company has a fifty day simple moving average of $153.77 and a 200 day simple moving average of $136.80. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.03%. TKO Group’s dividend payout ratio is currently 7,600.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TKO. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Pivotal Research reissued a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, UBS Group lifted 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. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.00.

Institutional Trading of TKO Group

Several large investors have recently made changes to their positions in TKO. Jefferies Financial Group Inc. acquired a new stake in TKO Group in the 4th quarter worth approximately $500,000. Toronto Dominion Bank bought a new position in shares of TKO Group in the fourth quarter valued at approximately $1,258,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of TKO Group in the fourth quarter worth $1,360,000. Josh Arnold Investment Consultant LLC bought a new stake in shares of TKO Group during the 4th quarter worth $2,167,000. Finally, Neo Ivy Capital Management acquired a new position in TKO Group in the 4th quarter valued at $309,000. Institutional investors own 89.79% of the company’s stock.

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.