F M Investments LLC Purchases New Position in TKO Group Holdings, Inc. (NYSE:TKO)

F M Investments LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,875 shares of the company's stock, valued at approximately $409,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group in the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC grew its holdings 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 purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. purchased a new stake in TKO Group in the fourth quarter worth $38,000. Finally, UMB Bank n.a. raised its stake in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after buying an additional 115 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell purchased 125,589 shares of the business's stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the acquisition, the insider now directly owns 807,376 shares in the company, valued at approximately $115,503,210.56. The trade was a 18.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel acquired 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the purchase, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on TKO shares. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Guggenheim lifted their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Morgan Stanley upped their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Pivotal Research reissued a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Benchmark reiterated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.36.

TKO Group Price Performance

Shares of NYSE TKO traded down $1.35 during trading hours on Wednesday, reaching $148.30. 726,344 shares of the stock traded hands, compared to its average volume of 1,085,727. The company has a market capitalization of $25.38 billion, a P/E ratio of -353.10 and a beta of 0.90. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52-week low of $94.32 and a 52-week high of $179.09. The company's 50-day simple moving average is $153.46 and its two-hundred day simple moving average is $141.93.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. TKO Group's dividend payout ratio is currently 7,600.00%.

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.