Black Swift Group LLC Buys 7,000 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Black Swift Group LLC increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 48.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,350 shares of the company's stock after acquiring an additional 7,000 shares during the quarter. TKO Group accounts for about 0.6% of Black Swift Group LLC's holdings, making the stock its 28th largest position. Black Swift Group LLC's holdings in TKO Group were worth $3,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ninety One UK Ltd grew its position in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. State Street Corp grew its position in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Principal Financial Group Inc. grew its position in TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock valued at $154,185,000 after purchasing an additional 13,148 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in TKO Group by 7.4% in the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock worth $153,931,000 after acquiring an additional 85,160 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at TKO Group

In related news, major shareholder Patrick Whitesell bought 156,446 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now directly owns 2,461,668 shares in the company, valued at $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares of the company's stock, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

NYSE:TKO traded down $3.60 during trading hours on Friday, hitting $143.39. 2,562,261 shares of the company traded hands, compared to its average volume of 974,747. The stock has a market capitalization of $24.49 billion, a price-to-earnings ratio of -341.40 and a beta of 1.08. TKO Group Holdings, Inc. has a twelve month low of $79.32 and a twelve month high of $179.09. The firm has a 50-day moving average of $153.64 and a 200 day moving average of $136.25. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, March 14th. TKO Group's payout ratio is currently 7,600.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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.