TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Twin Tree Management LP

Twin Tree Management LP grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 147.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 123,713 shares of the company’s stock after purchasing an additional 73,617 shares during the period. Twin Tree Management LP’s holdings in TKO Group were worth $17,581,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the fourth quarter valued at $32,000. Game Plan Financial Advisors LLC boosted its stake in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of TKO Group in the fourth quarter valued at $38,000. Finally, UMB Bank n.a. boosted its stake in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TKO shares. The Goldman Sachs Group upped their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Guggenheim raised their price objective on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Trading Down 1.1 %

Shares of NYSE:TKO opened at $139.26 on Monday. The company has a market cap of $23.84 billion, a PE ratio of -331.56 and a beta of 1.08. The company’s 50-day moving average price is $153.66 and its 200 day moving average price is $137.25. TKO Group Holdings, Inc. has a fifty-two week low of $79.65 and a fifty-two week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The company 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 $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group’s dividend payout ratio is presently 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the purchase, the director now directly owns 23,500 shares of the company’s stock, valued at approximately $3,306,215. This trade represents a 17.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Shane Kapral sold 1,034 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 $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,921,150 shares of company stock worth $304,383,748 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by insiders.

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.