TKO Group Holdings, Inc. (NYSE:TKO) Stock Position Trimmed by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,780 shares of the company’s stock after selling 189 shares during the quarter. Avantax Advisory Services Inc.’s holdings in TKO Group were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group during the 4th quarter valued at about $32,000. First Horizon Advisors Inc. raised its position in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft purchased 3,500 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This trade represents a 17.50 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKO. Guggenheim raised their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Citigroup increased their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group raised their target price 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Trading Down 0.4 %

TKO Group stock opened at $149.77 on Friday. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $25.64 billion, a P/E ratio of -356.59 and a beta of 1.08. The company’s fifty day simple moving average is $154.33 and its 200-day simple moving average is $138.18.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. TKO Group’s dividend payout ratio (DPR) 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.