Alliancebernstein L.P. Has $48.84 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Alliancebernstein L.P. lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 277.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,671 shares of the company's stock after purchasing an additional 252,613 shares during the period. Alliancebernstein L.P. owned 0.20% of TKO Group worth $48,839,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TKO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of TKO Group by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,864 shares of the company's stock valued at $24,601,000 after acquiring an additional 6,770 shares during the period. HighTower Advisors LLC boosted its holdings in 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 buying an additional 16,746 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of TKO Group by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 34,245 shares of the company's stock worth $4,237,000 after buying an additional 367 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock worth $263,000 after buying an additional 125 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of TKO Group by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 28,675 shares of the company's stock valued at $3,547,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently issued reports on TKO shares. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. UBS Group upped their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Morgan Stanley raised their price target on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Two 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $157.00.

Insiders Place Their Bets

In other news, Director Sonya E. Medina bought 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Seth D. Krauss sold 2,438 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $350,584.40. Following the sale, the insider now directly owns 7,983 shares in the company, valued at $1,147,955.40. This trade represents a 23.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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.

TKO Group Stock Down 3.2 %

NYSE:TKO traded down $4.72 on Thursday, hitting $143.83. 187,902 shares of the company's stock were exchanged, compared to its average volume of 1,083,666. The company has a market cap of $24.62 billion, a P/E ratio of -342.69 and a beta of 0.90. The firm has a 50-day moving average price of $154.45 and a 200-day moving average price of $141.27. 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 52 week low of $94.32 and a 52 week high of $179.09.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.06%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

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.