SBI Securities Co. Ltd. Purchases New Stake in TKO Group Holdings, Inc. (NYSE:TKO)

SBI Securities Co. Ltd. bought a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 264 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares in the last quarter. State Street Corp increased its holdings in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Ninety One UK Ltd grew its holdings in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after buying an additional 163,980 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TKO Group by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of TKO Group by 14.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock worth $56,010,000 after purchasing an additional 56,312 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 2.0 %

Shares of NYSE:TKO opened at $144.95 on Wednesday. The firm has a market cap of $24.81 billion, a P/E ratio of -345.12 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12-month low of $79.32 and a 12-month high of $179.09. The business has a fifty day simple moving average of $153.67 and a 200 day simple moving average of $136.73.

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 1.05%. TKO Group’s payout ratio is currently 7,600.00%.

Analyst Ratings Changes

Several brokerages have issued reports on TKO. Morgan Stanley lifted their price objective on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. UBS Group boosted 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. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price objective on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Insiders Place Their Bets

In other news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell bought 245,887 shares of TKO Group stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $142.45 per share, with a total value of $35,026,603.15. Following the completion of the purchase, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This trade represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,490,445 shares of company stock worth $386,746,551 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

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.