TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 50.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,492 shares of the company's stock after selling 17,533 shares during the period. IHT Wealth Management LLC's holdings in TKO Group were worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in TKO Group during the 4th quarter worth approximately $104,613,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TKO Group in the fourth quarter worth approximately $54,778,000. Marshall Wace LLP increased its position in shares of TKO Group by 98.5% during the fourth quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock worth $103,180,000 after purchasing an additional 360,236 shares in the last quarter. Alliancebernstein L.P. raised its stake in TKO Group by 277.4% in the 4th quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock valued at $48,839,000 after purchasing an additional 252,613 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in TKO Group in the 4th quarter valued at $33,922,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel purchased 92,559 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were bought at an average price of $157.69 per share, for a total transaction of $14,595,628.71. Following the acquisition, the chief executive officer now directly owns 1,439,593 shares in the company, valued at $227,009,420.17. This trade represents a 6.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the firm'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 purchase, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 1,345,370 shares of company stock worth $219,805,951 over the last three months. Company insiders own 53.80% of the company's stock.

TKO Group Trading Up 1.3 %

NYSE:TKO traded up $1.99 during trading hours on Friday, reaching $157.27. 1,430,591 shares of the stock were exchanged, compared to its average volume of 1,097,437. TKO Group Holdings, Inc. has a twelve month low of $94.63 and a twelve month high of $179.09. The business has a 50-day moving average of $149.68 and a two-hundred day moving average of $143.20. The company has a market capitalization of $26.92 billion, a price-to-earnings ratio of -374.45 and a beta of 0.90. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is currently 7,600.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TKO shares. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Guggenheim restated a "buy" rating and issued a $175.00 price target on shares of TKO Group in a research report on Wednesday. Morgan Stanley increased 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. Finally, Pivotal Research reissued a "buy" rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and an average target price 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.