TKO Group Target of Unusually Large Options Trading (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKO) saw some unusual options trading activity on Friday. Investors bought 22,670 call options on the company. This represents an increase of 173% compared to the typical daily volume of 8,318 call options.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the company’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 transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Kraft bought 3,500 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the acquisition, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This trade represents a 17.50 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,184,350 shares of company stock worth $343,066,252 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently made changes to their positions in TKO. Charles Schwab Investment Management Inc. boosted its position in TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after buying an additional 16,536 shares during the period. Park Avenue Securities LLC boosted its position in TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after buying an additional 4,836 shares during the period. Retirement Systems of Alabama boosted its position in TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after buying an additional 8,006 shares during the period. HighTower Advisors LLC boosted its position in TKO Group by 177.2% during the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after buying an additional 16,746 shares during the period. Finally, Petrus Trust Company LTA purchased a new stake in TKO Group during the 3rd quarter valued at $597,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO Group stock opened at $139.26 on Friday. TKO Group has a 52-week low of $79.44 and a 52-week high of $179.09. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of -331.56 and a beta of 1.08. The company has a fifty day moving average of $153.66 and a 200-day moving average of $136.98. 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 Dividend Announcement

The firm also recently disclosed 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 is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.09%. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Analysts Set New Price Targets

TKO has been the topic of a number of analyst reports. Morgan Stanley upped their target price 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. The Goldman Sachs Group upped their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Pivotal Research reissued a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.00.

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.