TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255,099 shares of the company's stock after acquiring an additional 13,181 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of TKO Group worth $178,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake 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 worth $949,449,000 after purchasing an additional 114,096 shares in the last quarter. Ninety One UK Ltd grew its holdings in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after buying an additional 163,980 shares during the last quarter. State Street Corp increased its position in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after buying an additional 192,602 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock worth $154,185,000 after acquiring an additional 13,148 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of TKO Group in the fourth quarter valued at $104,613,000. Institutional investors and hedge funds own 89.79% of the company's stock.

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Insider Activity at TKO Group

In other TKO Group news, Director Sonya E. Medina acquired 233 shares of the company's stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. The trade was a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Kraft bought 3,500 shares of TKO Group stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the acquisition, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. This represents a 17.50 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. 53.80% of the stock is currently owned by insiders.

TKO Group Trading Down 0.6 %

TKO stock traded down $0.85 during trading on Friday, reaching $144.24. 1,233,871 shares of the stock traded hands, compared to its average volume of 1,090,779. The firm has a market capitalization of $24.69 billion, a PE ratio of -343.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business's 50 day moving average price is $153.95 and its 200-day moving average price is $141.59. TKO Group Holdings, Inc. has a 52-week low of $94.32 and a 52-week high of $179.09.

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. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TKO shares. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Morgan Stanley boosted 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. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TKO Group has an average rating of "Moderate Buy" and an average price target of $157.00.

About TKO Group

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.