TKO Group Holdings, Inc. (NYSE:TKO) Director Purchases $492,415.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft purchased 3,500 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, March 3rd, Jonathan Kraft purchased 20,000 shares of TKO Group stock. The stock was acquired at an average price of $151.78 per share, for a total transaction of $3,035,600.00.

TKO Group Stock Up 2.0 %

Shares of TKO opened at $144.95 on Wednesday. The company has a market capitalization of $24.81 billion, a PE ratio of -345.12 and a beta of 1.08. TKO Group Holdings, Inc. has a 12 month low of $79.32 and a 12 month high of $179.09. The stock’s 50-day moving average price is $153.67 and its two-hundred day moving average price is $136.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s payout ratio is presently 7,600.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TKO. Benchmark reiterated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup lifted their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research reiterated a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Finally, Guggenheim raised 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 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. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TKO. Assetmark Inc. lifted its holdings in TKO Group by 7.9% during the 3rd quarter. Assetmark Inc. now owns 20,718 shares of the company’s stock worth $2,563,000 after buying an additional 1,513 shares during the period. Covestor Ltd lifted its holdings in TKO Group by 53.6% during the 3rd quarter. Covestor Ltd now owns 825 shares of the company’s stock worth $102,000 after buying an additional 288 shares during the period. HTG Investment Advisors Inc. acquired a new position in TKO Group during the 3rd quarter worth about $225,000. Oppenheimer Asset Management Inc. lifted its holdings in TKO Group by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock worth $491,000 after buying an additional 139 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of TKO Group in the 3rd quarter valued at about $222,000. 89.79% of the stock is owned by institutional investors and hedge funds.

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.