TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Fmr LLC

FMR LLC reduced its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 42.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,981,370 shares of the company's stock after selling 1,463,294 shares during the quarter. FMR LLC owned about 1.16% of TKO Group worth $281,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Polymer Capital Management HK LTD purchased a new position in shares of TKO Group in the 4th quarter worth about $341,000. Peapack Gladstone Financial Corp purchased a new position in TKO Group in the fourth quarter valued at approximately $202,000. Rahlfs Capital LLC acquired a new position in TKO Group during the fourth quarter valued at approximately $1,494,000. Resona Asset Management Co. Ltd. purchased a new stake in TKO Group during the fourth quarter worth approximately $431,000. Finally, Wells Fargo & Company MN increased its position in shares of TKO Group by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 285,743 shares of the company's stock worth $40,607,000 after acquiring an additional 67,544 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 1.1 %

NYSE TKO traded up $1.64 during trading hours on Tuesday, reaching $149.77. 796,700 shares of the company traded hands, compared to its average volume of 1,087,213. The stock has a market capitalization of $25.64 billion, a PE ratio of -356.60 and a beta of 0.90. 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 Holdings, Inc. has a 12 month low of $94.32 and a 12 month high of $179.09. The company has a 50 day moving average of $153.69 and a two-hundred day moving average of $141.88.

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TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, March 14th. TKO Group's payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel bought 117,769 shares of the company'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 completion of the acquisition, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 156,446 shares of TKO Group stock in a transaction dated Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the transaction, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. The trade was a 6.79 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 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 company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TKO shares. Pivotal Research restated a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Guggenheim upped their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Benchmark reiterated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Two 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $159.36.

TKO Group 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.