TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Commerce Bank

Commerce Bank grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 299.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,784 shares of the company's stock after buying an additional 20,834 shares during the quarter. Commerce Bank's holdings in TKO Group were worth $3,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TKO. M&T Bank Corp grew its position in shares of TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company's stock worth $389,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. increased its position in TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the period. Bessemer Group Inc. raised its holdings in shares of TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock valued at $3,720,000 after purchasing an additional 78 shares in the last quarter. US Bancorp DE boosted its stake in shares of TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after purchasing an additional 86 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock worth $2,629,000 after buying an additional 100 shares during the period. 89.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TKO shares. UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group lifted their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Guggenheim reissued a "buy" rating and issued a $175.00 price objective on shares of TKO Group in a research report on Wednesday. Finally, Benchmark reaffirmed 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, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.36.

Insider Activity at TKO Group

In related news, major shareholder Patrick Whitesell purchased 89,234 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $153.18 per share, with a total value of $13,668,864.12. Following the purchase, the insider now owns 1,347,034 shares of the company's stock, valued at $206,338,668.12. This represents a 7.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction on Monday, March 17th. The shares were purchased at an average price 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 in the company, valued at $285,860. This represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 1,345,370 shares of company stock worth $219,805,951 in the last 90 days. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

NYSE:TKO traded up $1.99 during trading hours on Friday, reaching $157.27. The company had a trading volume of 1,429,992 shares, compared to its average volume of 1,095,447. The firm has a market cap of $26.92 billion, a PE ratio of -374.45 and a beta of 0.90. TKO Group Holdings, Inc. has a 1-year low of $94.32 and a 1-year high of $179.09. The business's 50 day moving average price is $149.98 and its 200-day moving average price is $142.99. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's payout ratio is currently 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.