Smartleaf Asset Management LLC Acquires 151 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Smartleaf Asset Management LLC boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 559.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 178 shares of the company’s stock after acquiring an additional 151 shares during the quarter. Smartleaf Asset Management LLC’s holdings in TKO Group were worth $26,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ninety One UK Ltd raised its holdings in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after buying an additional 163,980 shares during the last quarter. State Street Corp raised its holdings in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TKO Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares during the last quarter. Principal Financial Group Inc. raised its holdings in TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after buying an additional 13,148 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in TKO Group by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock valued at $153,931,000 after buying an additional 85,160 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 1.3 %

NYSE:TKO opened at $147.07 on Thursday. The firm has a market cap of $25.17 billion, a P/E ratio of -350.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $79.32 and a fifty-two week high of $179.09. The firm has a 50-day simple moving average of $153.77 and a two-hundred day simple moving average of $136.80.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.03%. TKO Group’s dividend payout ratio is presently 7,600.00%.

Analysts Set New Price Targets

TKO has been the subject of several research reports. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Guggenheim upped their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two equities 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Transactions at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Kraft acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the acquisition, the director now owns 23,500 shares of the company’s stock, valued at $3,306,215. The trade was a 17.50 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,430,237 shares of company stock worth $378,092,856 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

TKO Group Company 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.