Envestnet Portfolio Solutions Inc. Boosts Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Envestnet Portfolio Solutions Inc. boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,997 shares of the company’s stock after acquiring 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 SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of TKO Group by 559.3% during 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 during the period. Geneos Wealth Management Inc. acquired a new position in TKO Group during the fourth quarter worth $32,000. Game Plan Financial Advisors LLC boosted its position 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 purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the fourth quarter valued at $38,000. Finally, UMB Bank n.a. increased its position in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Up 2.2 %

NYSE TKO opened at $153.17 on Tuesday. The company has a market cap of $26.22 billion, a P/E ratio of -364.70 and a beta of 1.08. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month 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. The company has a 50-day moving average of $154.55 and a 200-day moving average of $138.58.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell purchased 177,861 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the acquisition, the insider now owns 2,188,966 shares of the company’s stock, valued at approximately $363,346,466.34. This represents a 8.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark S. Shapiro sold 31,666 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the sale, the insider now owns 73,677 shares of the company’s stock, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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. 53.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

TKO has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Pivotal Research reiterated a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Two 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.