ExodusPoint Capital Management LP Makes New $10.86 Million Investment in TKO Group Holdings, Inc. (NYSE:TKO)

ExodusPoint Capital Management LP acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 76,413 shares of the company's stock, valued at approximately $10,859,000.

A number of other large investors have also recently made changes to their positions in TKO. M&T Bank Corp grew its stake in TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock worth $389,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. grew its position in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after buying an additional 73 shares in the last quarter. US Bancorp DE increased 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 buying an additional 86 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock valued at $379,000 after acquiring an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in TKO Group by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock worth $2,629,000 after acquiring an additional 100 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TKO has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Morgan Stanley lifted their price target on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.00.

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TKO Group Trading Down 3.7 %

NYSE:TKO traded down $5.45 during trading hours on Thursday, hitting $143.09. The company had a trading volume of 291,536 shares, compared to its average volume of 1,084,129. TKO Group Holdings, Inc. has a 1 year low of $94.32 and a 1 year high of $179.09. The company has a market cap of $24.49 billion, a P/E ratio of -339.78 and a beta of 0.90. The company has a 50-day moving average of $154.45 and a 200 day moving average of $141.27. 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel purchased 115,952 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at $148,425,005.40. This represents a 12.66 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 125,589 shares of the firm's stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the completion of the transaction, the insider now directly owns 807,376 shares in the company, valued at $115,503,210.56. This trade represents a 18.42 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. 53.80% of the stock is currently 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.