Swiss National Bank Buys 1,600 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Swiss National Bank increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,500 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Swiss National Bank owned approximately 0.08% of TKO Group worth $20,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TKO. Smartleaf Asset Management LLC lifted its holdings in TKO Group by 559.3% in the 4th 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 stake in TKO Group in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of TKO Group in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Down 0.2 %

TKO Group stock opened at $145.35 on Wednesday. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of -346.08 and a beta of 1.08. The stock has a fifty day simple moving average of $153.81 and a two-hundred day simple moving average of $137.65. TKO Group Holdings, Inc. has a 12 month low of $80.03 and a 12 month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft bought 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TKO. UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their target price 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. raised their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup raised their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.