Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Director Buys 233 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Sonya E. Medina purchased 233 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. This represents a 13.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TKO Group Price Performance

NYSE TKO traded down $0.28 during midday trading on Tuesday, hitting $145.35. The company had a trading volume of 1,394,642 shares, compared to its average volume of 995,366. The company has a market capitalization of $24.88 billion, a PE ratio of -346.08 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $153.81 and a 200-day moving average price of $137.65. TKO Group Holdings, Inc. has a twelve month low of $80.03 and a twelve month high of $179.09.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 annualized dividend and a yield of 1.05%. TKO Group’s dividend payout ratio is presently 7,600.00%.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the 4th quarter worth $32,000. Game Plan Financial Advisors LLC raised its holdings in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the 4th quarter worth $38,000. Finally, UMB Bank n.a. raised its holdings in shares of TKO Group by 72.8% during 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 in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TKO shares. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Morgan Stanley lifted their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.