Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Director Buys $3,035,600.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft bought 20,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $151.78 per share, with a total value of $3,035,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $3,035,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jonathan Kraft also recently made the following trade(s):

• On Friday, March 7th, Jonathan Kraft bought 3,500 shares of TKO Group stock. The shares were acquired at an average price of $140.69 per share, with a total value of $492,415.00.

TKO Group Trading Up 1.3 %

Shares of TKO opened at $147.07 on Thursday. The firm’s 50 day simple moving average is $153.77 and its 200 day simple moving average is $136.80. The company has a market capitalization 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 current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $79.32 and a 1-year high of $179.09.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 1.03%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Guggenheim increased 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. Pivotal Research reiterated a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in TKO Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after purchasing an additional 16,536 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after acquiring an additional 4,836 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after acquiring an additional 8,006 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of TKO Group by 177.2% during the third 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 in the last quarter. Finally, Petrus Trust Company LTA purchased a new position in shares of TKO Group during the third quarter worth approximately $597,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.