TKO Group Holdings, Inc. (NYSE:TKO) Position Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,118 shares of the company’s stock after purchasing an additional 112 shares during the period. Corient Private Wealth LLC’s holdings in TKO Group were worth $585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TKO. Smartleaf Asset Management LLC grew its position in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the fourth quarter worth $32,000. Game Plan Financial Advisors LLC boosted its holdings in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group during the fourth quarter worth $38,000. Finally, UMB Bank n.a. lifted its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after buying an additional 115 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Performance

Shares of TKO opened at $149.56 on Friday. The firm has a market capitalization of $25.60 billion, a PE ratio of -356.09 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. The firm has a 50-day moving average price of $155.35 and a 200 day moving average price of $139.30. TKO Group Holdings, Inc. has a 52-week low of $85.01 and a 52-week high of $179.09.

TKO Group Dividend Announcement

The business also recently disclosed 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. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TKO shares. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Benchmark restated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, UBS Group raised 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. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell bought 125,589 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the completion of the acquisition, the insider now directly owns 807,376 shares in the company, valued at approximately $115,503,210.56. The trade was a 18.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. Company 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.