TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Twin Tree Management LP

Twin Tree Management LP raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 147.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,713 shares of the company’s stock after purchasing an additional 73,617 shares during the quarter. Twin Tree Management LP owned about 0.07% of TKO Group worth $17,581,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC boosted its holdings in shares of TKO Group by 2.8% in the fourth quarter. Corient Private Wealth LLC now owns 4,118 shares of the company’s stock valued at $585,000 after acquiring an additional 112 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of TKO Group by 46.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,997 shares of the company’s stock valued at $710,000 after acquiring an additional 1,582 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of TKO Group by 119.5% in the fourth quarter. Natixis Advisors LLC now owns 95,665 shares of the company’s stock valued at $13,595,000 after acquiring an additional 52,089 shares in the last quarter. Campbell Capital Management Inc. purchased a new stake in shares of TKO Group in the fourth quarter valued at about $142,000. Finally, Swiss National Bank boosted its holdings in shares of TKO Group by 1.1% in the fourth quarter. Swiss National Bank now owns 143,500 shares of the company’s stock valued at $20,393,000 after acquiring an additional 1,600 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ariel Emanuel acquired 117,769 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the transaction, the chief executive officer now directly owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 125,589 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the transaction, the insider now directly owns 807,376 shares of the company’s stock, valued at $115,503,210.56. The trade was a 18.42 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,921,150 shares of company stock valued at $304,383,748 and sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

NYSE:TKO opened at $139.26 on Monday. The firm has a 50 day simple moving average of $153.66 and a 200-day simple moving average of $137.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $23.84 billion, a PE ratio of -331.56 and a beta of 1.08. TKO Group Holdings, Inc. has a 1-year low of $79.65 and a 1-year high of $179.09.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. Guggenheim boosted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, UBS Group boosted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Two investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.