Alliancebernstein L.P. Buys 252,613 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Alliancebernstein L.P. grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 277.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 343,671 shares of the company’s stock after acquiring an additional 252,613 shares during the quarter. Alliancebernstein L.P.’s holdings in TKO Group were worth $48,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TKO. M&T Bank Corp increased its position in shares of TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after purchasing an additional 64 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the last quarter. US Bancorp DE grew its position in shares of TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after acquiring an additional 86 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after purchasing an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after purchasing an additional 100 shares during the period. Institutional investors own 89.79% of the company’s stock.

Insider Activity at TKO Group

In related news, Director Jonathan Kraft acquired 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the purchase, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. The trade was a 17.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost 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 in the company, valued at approximately $285,860. The trade was a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. 53.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TKO shares. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley increased their price target 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. Finally, Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Performance

NYSE:TKO opened at $139.74 on Friday. The company has a market cap of $23.92 billion, a price-to-earnings ratio of -332.71 and a beta of 1.08. TKO Group Holdings, Inc. has a 1 year low of $91.38 and a 1 year high of $179.09. The stock’s 50 day simple moving average is $155.76 and its two-hundred day simple moving average is $140.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

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.