Huntington National Bank Acquires 3,750 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Huntington National Bank grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 53,571.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,757 shares of the company's stock after purchasing an additional 3,750 shares during the period. Huntington National Bank's holdings in TKO Group were worth $534,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group in the 4th quarter valued at about $32,000. Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. acquired a new position in TKO Group during the 4th quarter valued at about $38,000. Finally, UMB Bank n.a. increased its stake in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after purchasing an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TKO shares. The Goldman Sachs Group boosted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. 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. Guggenheim lifted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.00.

Remove Ads

TKO Group Trading Down 3.7 %

TKO Group stock traded down $5.55 during midday trading on Thursday, reaching $142.99. The stock had a trading volume of 291,536 shares, compared to its average volume of 1,084,119. TKO Group Holdings, Inc. has a twelve month low of $94.32 and a twelve month high of $179.09. 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 firm has a market cap of $24.48 billion, a price-to-earnings ratio of -339.78 and a beta of 0.90. The firm's fifty day simple moving average is $154.45 and its two-hundred day simple moving average is $141.27.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.06%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Insider Activity

In related news, major shareholder Patrick Whitesell bought 125,589 shares of the business's stock in a transaction on Friday, January 17th. The stock was bought at an average price of $143.06 per share, for a total transaction of $17,966,762.34. Following the transaction, the insider now directly owns 807,376 shares in the company, valued at $115,503,210.56. This represents a 18.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ariel Emanuel purchased 117,769 shares of the stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares in the company, valued at $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. 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 corporate insiders.

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.