IFP Advisors Inc Buys 837 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

IFP Advisors Inc boosted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,433 shares of the company’s stock after acquiring an additional 837 shares during the quarter. IFP Advisors Inc’s holdings in TKO Group were worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its position in shares of TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after buying an additional 4,836 shares during the last quarter. Retirement Systems of Alabama increased its stake 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 purchasing an additional 8,006 shares in the last quarter. HighTower Advisors LLC raised its holdings in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Petrus Trust Company LTA purchased a new position in shares of TKO Group in the third quarter worth $597,000. Finally, Massachusetts Financial Services Co. MA raised its position in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after buying an additional 383,869 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TKO shares. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Down 4.9 %

TKO opened at $151.68 on Friday. TKO Group Holdings, Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $25.90 billion, a price-to-earnings ratio of -361.13 and a beta of 1.06. The firm’s fifty day moving average is $153.16 and its 200 day moving average is $134.89.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is currently -28.57%.

Insider Activity at TKO Group

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now directly owns 1,674,322 shares in the company, valued at $237,803,953.66. This represents a 1.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ariel Emanuel acquired 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the transaction, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

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.