CreativeOne Wealth LLC Invests $283,000 in TKO Group Holdings, Inc. (NYSE:TKO)

CreativeOne Wealth LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,991 shares of the company's stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of TKO Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after buying an additional 114,096 shares in the last quarter. Ninety One UK Ltd grew its holdings in TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after purchasing an additional 163,980 shares during the period. Independent Franchise Partners LLP increased its stake in shares of TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after purchasing an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 2.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after purchasing an additional 47,768 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TKO Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock worth $178,777,000 after purchasing an additional 13,181 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TKO. Pivotal Research reiterated a "buy" rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. The Goldman Sachs Group increased their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Morgan Stanley raised their price target 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. Finally, Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $159.36.

Insider Buying and Selling at TKO Group

In related news, major shareholder Patrick Whitesell bought 108,476 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the acquisition, the insider now owns 915,852 shares in the company, valued at $132,001,748.76. This trade represents a 13.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ariel Emanuel purchased 117,769 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the acquisition, the chief executive officer now directly owns 2,579,437 shares of the company's stock, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,795,794 shares of company stock valued at $286,450,289 and sold 5,833 shares valued at $838,785. 53.80% of the stock is owned by corporate insiders.

TKO Group Stock Up 1.0 %

TKO stock opened at $149.41 on Monday. The business's 50-day moving average is $152.07 and its two-hundred day moving average is $142.58. The company has a market cap of $25.57 billion, a price-to-earnings ratio of -355.73 and a beta of 0.90. TKO Group Holdings, Inc. has a fifty-two week low of $94.32 and a fifty-two week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.02%. TKO Group's dividend payout ratio (DPR) is 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.

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