Alliancebernstein L.P. Boosts Position in TKO Group Holdings, Inc. (NYSE:TKO)

Alliancebernstein L.P. lifted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 277.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,671 shares of the company’s stock after buying an additional 252,613 shares during the quarter. Alliancebernstein L.P. owned approximately 0.20% of TKO Group worth $48,839,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TKO. Charles Schwab Investment Management Inc. boosted its holdings in TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after purchasing an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TKO Group by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after acquiring an additional 3,572 shares during the last quarter. Twin Tree Management LP raised its stake in TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock valued at $17,581,000 after purchasing an additional 73,617 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after buying an additional 4,836 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after acquiring an additional 8,006 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TKO. Benchmark restated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research reiterated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. UBS Group upped their price target 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. Finally, Citigroup boosted 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. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Activity at TKO Group

In other TKO Group news, Director Sonya E. Medina purchased 233 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Seth D. Krauss sold 2,438 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $350,584.40. Following the completion of the sale, the insider now owns 7,983 shares in the company, valued at approximately $1,147,955.40. This trade represents a 23.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. 53.80% of the stock is currently owned by corporate insiders.

TKO Group Price Performance

Shares of NYSE TKO opened at $139.74 on Friday. TKO Group Holdings, Inc. has a 1 year low of $91.38 and a 1 year high of $179.09. The stock has a market capitalization of $23.92 billion, a P/E ratio of -332.71 and a beta of 1.08. The company’s 50-day moving average is $155.76 and its 200 day 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is currently 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.