TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,505 shares of the company's stock after selling 3,283 shares during the period. Corebridge Financial Inc.'s holdings in TKO Group were worth $10,730,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the 4th quarter valued at about $32,000. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after buying an additional 155 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of TKO Group during the fourth quarter worth approximately $38,000. Finally, UMB Bank n.a. raised its holdings in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

TKO Group stock traded up $3.01 during midday trading on Monday, hitting $152.71. 2,749,757 shares of the company's stock were exchanged, compared to its average volume of 1,095,055. 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 stock has a market cap of $26.14 billion, a price-to-earnings ratio of -363.59 and a beta of 1.08. TKO Group Holdings, Inc. has a 12-month low of $85.01 and a 12-month high of $179.09. The firm's 50 day simple moving average is $155.56 and its 200 day simple moving average is $139.93.

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TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 1.00%. The ex-dividend date is Friday, March 14th. TKO Group's dividend payout ratio is presently 7,600.00%.

Analysts Set New Price Targets

A number of brokerages have commented on TKO. Morgan Stanley increased their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Guggenheim raised their target price on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two equities research 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 stock. Based on data from MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Insiders Place Their Bets

In related news, major shareholder Patrick Whitesell purchased 177,861 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $165.99 per share, with a total value of $29,523,147.39. Following the completion of the acquisition, the insider now directly owns 2,188,966 shares in the company, valued at $363,346,466.34. This trade represents a 8.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark S. Shapiro sold 31,666 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the completion of the transaction, the insider now directly owns 73,677 shares in the company, valued at $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

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.