Smartleaf Asset Management LLC Has $26,000 Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Smartleaf Asset Management LLC boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 559.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 178 shares of the company’s stock after buying an additional 151 shares during the period. Smartleaf Asset Management LLC’s holdings in TKO Group were worth $26,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ninety One UK Ltd grew its position in shares of TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares in the last quarter. State Street Corp grew its position 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 worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TKO shares. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Guggenheim increased their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley increased 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 report on Monday, February 24th. Citigroup increased their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Price Performance

TKO stock opened at $147.07 on Thursday. The company has a fifty day moving average price of $153.77 and a 200-day moving average price of $136.80. The company has a market capitalization of $25.17 billion, a P/E ratio of -350.17 and a beta of 1.08. TKO Group Holdings, Inc. has a 52-week low of $79.32 and a 52-week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Dividend Announcement

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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio is currently 7,600.00%.

Insider Activity

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Kraft purchased 3,500 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the purchase, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. This represents a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,430,237 shares of company stock valued at $378,092,856 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

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.