TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft Buys 20,000 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft bought 20,000 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $3,035,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, March 7th, Jonathan Kraft acquired 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 2.0 %

NYSE:TKO opened at $144.95 on Wednesday. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of -345.12 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 1 year low of $79.32 and a 1 year high of $179.09. The business has a fifty day moving average of $153.67 and a 200-day moving average of $136.73.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. 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 1.05%. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Institutional Trading of TKO Group

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group in the 4th quarter worth $32,000. First Horizon Advisors Inc. lifted its holdings in shares of TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the period. Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after buying an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in TKO Group during the fourth quarter worth about $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TKO. Pivotal Research reiterated 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. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. UBS Group upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Guggenheim boosted their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.