Vanguard Group Inc. Increases Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Vanguard Group Inc. raised its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,681,087 shares of the company’s stock after purchasing an additional 114,096 shares during the quarter. Vanguard Group Inc. owned about 3.91% of TKO Group worth $949,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC raised its holdings in shares of TKO Group by 10.0% during the 4th quarter. LPL Financial LLC now owns 37,518 shares of the company’s stock valued at $5,332,000 after buying an additional 3,426 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in TKO Group in the fourth quarter valued at approximately $2,174,000. TD Private Client Wealth LLC raised its stake in shares of TKO Group by 86.8% during the fourth quarter. TD Private Client Wealth LLC now owns 325 shares of the company’s stock valued at $46,000 after purchasing an additional 151 shares during the period. Teacher Retirement System of Texas lifted its position in shares of TKO Group by 552.9% during the fourth quarter. Teacher Retirement System of Texas now owns 33,964 shares of the company’s stock worth $4,827,000 after purchasing an additional 28,762 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of TKO Group during the fourth quarter worth $939,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity at TKO Group

In related news, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell purchased 177,861 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the transaction, the insider now directly owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. This trade represents a 8.84 % increase in their position. 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. Insiders own 53.80% of the company’s stock.

Analyst Ratings Changes

TKO has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research reissued a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two equities research 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. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Performance

Shares of TKO opened at $149.56 on Friday. 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 Holdings, Inc. has a 12-month low of $85.01 and a 12-month high of $179.09. The business’s fifty day moving average price is $155.35 and its 200 day moving average price is $139.30. The stock has a market capitalization of $25.60 billion, a PE ratio of -356.09 and a beta of 1.08.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

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.