Xponance Inc. Has $1.31 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Xponance Inc. lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,244 shares of the company’s stock after acquiring an additional 638 shares during the period. Xponance Inc.’s holdings in TKO Group were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TKO. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. raised its stake in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC raised 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 in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group in the fourth quarter valued at $38,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Price Performance

TKO Group stock opened at $149.77 on Friday. The business’s 50-day simple moving average is $154.33 and its 200 day simple moving average is $138.18. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of -356.59 and a beta of 1.08. TKO Group Holdings, Inc. has a 12-month low of $84.88 and a 12-month 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is 7,600.00%.

Insider Activity at TKO Group

In other news, Director Sonya E. Medina purchased 233 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. The trade was a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark S. Shapiro sold 31,666 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the transaction, the insider now owns 73,677 shares in the company, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on TKO. Pivotal Research restated a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Guggenheim increased their price objective on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Benchmark reiterated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.