TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft Buys 20,000 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft bought 20,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Jonathan Kraft also recently made the following trade(s):

• On Friday, March 7th, Jonathan Kraft bought 3,500 shares of TKO Group stock. The shares were acquired at an average price of $140.69 per share, for a total transaction of $492,415.00.

TKO Group Stock Performance

TKO Group stock traded down $1.82 during trading on Monday, reaching $141.91. The company had a trading volume of 2,456,437 shares, compared to its average volume of 980,674. TKO Group Holdings, Inc. has a 52 week low of $79.32 and a 52 week high of $179.09. The firm’s 50-day simple moving average is $153.61 and its 200 day simple moving average is $136.54. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of -337.89 and a beta of 1.08. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. TKO Group’s dividend payout ratio is presently 7,600.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group increased 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. UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley raised 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. JPMorgan Chase & Co. raised their price target 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 restated a “buy” rating and issued a $195.00 price target (up 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.00.

Institutional Investors Weigh In On TKO Group

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

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.