Private Advisor Group LLC Sells 553 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Private Advisor Group LLC lessened its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 28.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,410 shares of the company’s stock after selling 553 shares during the period. Private Advisor Group LLC’s holdings in TKO Group were worth $200,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. raised its stake in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the last quarter. UMB Bank n.a. raised its stake in TKO Group by 72.8% during the fourth 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. Finally, Kestra Investment Management LLC bought a new position in TKO Group during the fourth quarter worth $44,000. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ariel Emanuel purchased 117,769 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares in the company, valued at $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was 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 approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TKO has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target 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. Finally, Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Down 3.5 %

Shares of NYSE TKO opened at $147.04 on Friday. The stock has a market capitalization of $25.11 billion, a P/E ratio of -350.10 and a beta of 1.06. The company has a 50-day moving average price of $153.65 and a 200-day moving average price of $135.96. TKO Group Holdings, Inc. has a 1 year low of $79.32 and a 1 year high of $179.09. 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 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.