HighTower Advisors LLC Grows Position in TKO Group Holdings, Inc. (NYSE:TKO)

HighTower Advisors LLC grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 8.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,485 shares of the company's stock after acquiring an additional 2,288 shares during the period. HighTower Advisors LLC's holdings in TKO Group were worth $4,048,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TKO. Massachusetts Financial Services Co. MA boosted its position in shares of TKO Group by 29.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TKO Group during the fourth quarter valued at $33,922,000. State Street Corp boosted its holdings in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after buying an additional 192,602 shares in the last quarter. Ninety One UK Ltd grew its position in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after buying an additional 163,980 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock worth $153,931,000 after buying an additional 85,160 shares during the period. Institutional investors own 89.79% of the company's stock.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell purchased 125,589 shares of TKO Group stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the transaction, the insider now directly owns 807,376 shares of the company's stock, valued at $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TKO shares. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Pivotal Research reiterated a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Citigroup upped 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. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and an average price target of $157.00.

TKO Group Stock Performance

NYSE TKO traded up $3.29 during trading hours on Monday, hitting $153.17. The company's stock had a trading volume of 2,184,995 shares, compared to its average volume of 1,050,205. 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 company has a market cap of $26.22 billion, a P/E ratio of -364.70 and a beta of 1.08. The company's 50 day simple moving average is $154.33 and its two-hundred day simple moving average is $138.32. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month high of $179.09.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.99%. TKO Group's payout ratio is 7,600.00%.

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.