TKO Group Holdings, Inc. (NYSE:TKO) Director Acquires $33,302.69 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Sonya E. Medina bought 233 shares of the business’s stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

TKO Group Stock Performance

NYSE TKO opened at $145.35 on Wednesday. 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 stock has a fifty day simple moving average of $153.81 and a 200 day simple moving average of $137.65. TKO Group Holdings, Inc. has a twelve month low of $80.03 and a twelve month high of $179.09. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of -346.08 and a beta of 1.08.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. TKO Group’s payout ratio is currently 7,600.00%.

Institutional Trading of TKO Group

A number of large investors have recently bought and sold shares of TKO. Norges Bank acquired a new stake in TKO Group during the 4th quarter worth about $104,613,000. Ameriprise Financial Inc. grew its holdings in TKO Group by 57.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after acquiring an additional 611,178 shares during the period. Steadfast Capital Management LP grew its holdings in TKO Group by 146.9% during the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock worth $101,010,000 after acquiring an additional 422,900 shares during the period. Moore Capital Management LP grew its holdings in TKO Group by 1,625.0% during the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock worth $59,443,000 after acquiring an additional 394,038 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in TKO Group during the 4th quarter worth about $54,778,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Pivotal Research reiterated a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Morgan Stanley increased their price target on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group increased their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.