TKO Group Holdings, Inc. (NYSE:TKO) Holdings Decreased by TD Asset Management Inc.

TD Asset Management Inc. lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 8.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,001,157 shares of the company’s stock after selling 94,159 shares during the period. TD Asset Management Inc. owned 0.59% of TKO Group worth $142,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TKO. Vanguard Group Inc. lifted its position in TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after purchasing an additional 114,096 shares during the period. Ninety One UK Ltd boosted its stake in TKO Group by 4.1% during the fourth 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 in the last quarter. State Street Corp grew its holdings in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the period. Principal Financial Group Inc. raised its position in TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after acquiring an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 85,160 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 1.1 %

TKO opened at $154.65 on Wednesday. TKO Group Holdings, Inc. has a twelve month low of $85.01 and a twelve month high of $179.09. The firm has a market cap of $26.47 billion, a price-to-earnings ratio of -368.21 and a beta of 1.08. The firm’s 50-day simple moving average is $154.78 and its 200-day simple moving average is $138.86. 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 company also recently announced 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is currently 7,600.00%.

Insider Buying and Selling

In other TKO Group news, Director Sonya E. Medina bought 233 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $285,860. This represents a 13.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell purchased 156,446 shares of TKO Group stock in a transaction that occurred on Tuesday, February 11th. The shares were bought at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares in the company, valued at $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 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 corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on TKO. Pivotal Research reissued a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised 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. UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. 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 report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.