Resona Asset Management Co. Ltd. Purchases Shares of 3,036 TKO Group Holdings, Inc. (NYSE:TKO)

Resona Asset Management Co. Ltd. purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,036 shares of the company's stock, valued at approximately $431,000.

A number of other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in TKO Group by 559.3% in the 4th 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. acquired a new stake in TKO Group during the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC boosted 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 worth $35,000 after buying an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in TKO Group during the fourth quarter worth approximately $38,000. Finally, UMB Bank n.a. increased its holdings 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 in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TKO Group

In related news, CEO Ariel Emanuel purchased 115,952 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $143.85 per share, for a total transaction of $16,679,695.20. Following the purchase, the chief executive officer now owns 1,031,804 shares in the company, valued at $148,425,005.40. The trade was a 12.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Patrick Whitesell acquired 125,589 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the purchase, the insider now directly owns 807,376 shares in the company, valued at $115,503,210.56. This represents a 18.42 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. 53.80% of the stock is currently owned by company insiders.

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TKO Group Stock Up 1.1 %

Shares of TKO Group stock traded up $1.64 during trading on Tuesday, hitting $149.77. 796,700 shares of the stock traded hands, compared to its average volume of 1,087,213. The stock has a market cap of $25.64 billion, a P/E ratio of -356.60 and a beta of 0.90. The company has a fifty day moving average price of $153.69 and a two-hundred day moving average price of $141.88. TKO Group Holdings, Inc. has a twelve month low of $94.32 and a twelve month 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.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is 7,600.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TKO shares. 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 report 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 report on Monday, February 24th. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim increased their target price on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $159.36.

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.