Envestnet Portfolio Solutions Inc. Grows Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Envestnet Portfolio Solutions Inc. grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 46.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,997 shares of the company’s stock after buying an additional 1,582 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in TKO Group were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TKO. M&T Bank Corp grew its stake in shares of TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. grew its stake in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. US Bancorp DE increased its holdings in TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after purchasing an additional 86 shares during the period. Coldstream Capital Management Inc. raised its position in TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TKO shares. Guggenheim raised their target price on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price target 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, Morgan Stanley upped their price objective on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Two research 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 stock currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina acquired 233 shares of the company’s stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $142.93 per share, with a total value of $33,302.69. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $285,860. This represents a 13.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO Group stock opened at $153.17 on Tuesday. The firm’s fifty day simple moving average is $154.55 and its 200-day simple moving average is $138.58. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month high of $179.09. The stock has a market capitalization of $26.22 billion, a price-to-earnings ratio of -364.70 and a beta of 1.08. 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 firm also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. TKO Group’s payout ratio is 7,600.00%.

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.