TKO Group Holdings, Inc. (NYSE:TKO) Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,681,087 shares of the company’s stock after buying an additional 114,096 shares during the period. Vanguard Group Inc.’s holdings in TKO Group were worth $949,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after acquiring an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TKO Group by 21.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after purchasing an additional 3,572 shares during the period. Twin Tree Management LP raised its stake in shares of TKO Group by 147.0% during the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock valued at $17,581,000 after purchasing an additional 73,617 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares during the period. Finally, Retirement Systems of Alabama grew its position in TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after buying an additional 8,006 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In other TKO Group news, Director Sonya E. Medina acquired 233 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $285,860. The trade was a 13.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell bought 156,446 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the acquisition, the insider now directly owns 2,461,668 shares in the company, valued at $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on TKO. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. 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. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Trading Down 1.5 %

NYSE:TKO opened at $149.56 on Friday. The stock has a fifty day simple moving average of $155.35 and a 200 day simple moving average of $139.30. The firm has a market capitalization of $25.60 billion, a price-to-earnings ratio of -356.09 and a beta of 1.08. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

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.