California Public Employees Retirement System Purchases 7,378 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

California Public Employees Retirement System boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,329 shares of the company's stock after buying an additional 7,378 shares during the quarter. California Public Employees Retirement System owned approximately 0.08% of TKO Group worth $19,800,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in TKO Group during the fourth quarter valued at $104,613,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TKO Group during the 4th quarter valued at about $54,778,000. Raymond James Financial Inc. bought a new stake in shares of TKO Group in the 4th quarter valued at approximately $33,922,000. State Street Corp increased its holdings in TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Finally, Ninety One UK Ltd raised 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 acquiring an additional 163,980 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of TKO Group stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonya E. Medina bought 233 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. 53.80% of the stock is owned by company insiders.

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TKO Group Stock Performance

Shares of NYSE TKO traded down $10.70 during mid-day trading on Friday, hitting $139.74. The company had a trading volume of 2,355,482 shares, compared to its average volume of 1,085,550. TKO Group Holdings, Inc. has a 12 month low of $93.50 and a 12 month high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $23.92 billion, a P/E ratio of -332.71 and a beta of 1.08. The business's 50-day simple moving average is $155.76 and its 200-day simple moving average is $140.55.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.09%. TKO Group's payout ratio is 7,600.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TKO. UBS Group increased their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim boosted their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Citigroup raised their price objective on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.