9,338 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by Barings LLC

Barings LLC purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,338 shares of the company's stock, valued at approximately $1,327,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Machina Capital S.A.S. bought a new position in TKO Group during the fourth quarter worth about $213,000. Draper Asset Management LLC grew its holdings in TKO Group by 7.3% during the fourth quarter. Draper Asset Management LLC now owns 2,567 shares of the company's stock worth $372,000 after purchasing an additional 175 shares during the period. Black Swift Group LLC grew its holdings in TKO Group by 48.8% during the fourth quarter. Black Swift Group LLC now owns 21,350 shares of the company's stock worth $3,034,000 after purchasing an additional 7,000 shares during the period. Raymond James Financial Inc. bought a new position in TKO Group during the fourth quarter worth about $33,922,000. Finally, Arizona State Retirement System grew its holdings in TKO Group by 1.2% during the fourth quarter. Arizona State Retirement System now owns 21,163 shares of the company's stock worth $3,007,000 after purchasing an additional 252 shares during the period. Institutional investors own 89.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TKO. UBS Group lifted their price target on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Guggenheim boosted their price objective on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Pivotal Research restated a "buy" rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Benchmark restated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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TKO Group Price Performance

Shares of TKO stock traded down $3.60 during trading on Friday, hitting $143.39. The company had a trading volume of 2,562,261 shares, compared to its average volume of 974,747. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $24.49 billion, a P/E ratio of -341.40 and a beta of 1.08. The stock's 50-day moving average price is $153.64 and its 200 day moving average price is $136.37. TKO Group Holdings, Inc. has a one year low of $79.32 and a one year high of $179.09.

TKO Group Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.06%. TKO Group's dividend payout ratio is currently 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares of the company's stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company's stock.

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.