Infusive Asset Management Inc. Purchases Shares of 7,249 TKO Group Holdings, Inc. (NYSE:TKO)

Infusive Asset Management Inc. purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,249 shares of the company's stock, valued at approximately $1,030,000.

Several other institutional investors have also modified their holdings of TKO. Charles Schwab Investment Management Inc. grew its position in TKO Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock worth $66,691,000 after buying an additional 16,536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TKO Group by 21.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock worth $2,836,000 after acquiring an additional 3,572 shares during the last quarter. Twin Tree Management LP raised its position in shares of TKO Group by 147.0% during the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after purchasing an additional 73,617 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock valued at $1,848,000 after purchasing an additional 4,836 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of TKO Group in the 4th quarter valued at $431,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

TKO has been the topic of several research analyst reports. Pivotal Research reiterated a "buy" rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Guggenheim upped their target price on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Morgan Stanley increased their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $159.36.

TKO Group Stock Up 3.6 %

NYSE TKO traded up $5.16 during trading on Tuesday, hitting $148.25. The stock had a trading volume of 1,129,924 shares, compared to its average volume of 1,090,128. The company has a market capitalization of $25.38 billion, a PE ratio of -352.97 and a beta of 0.90. TKO Group Holdings, Inc. has a 12 month low of $94.32 and a 12 month high of $179.09. The company's 50-day moving average price is $151.40 and its two-hundred day moving average price is $142.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is 7,600.00%.

Insider Transactions at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of the company's stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now owns 2,000 shares in the company, valued at $285,860. This trade represents 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 accessible through this link. Also, major shareholder Patrick Whitesell acquired 120,958 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was acquired at an average cost of $150.92 per share, with a total value of $18,254,981.36. Following the completion of the transaction, the insider now owns 1,152,762 shares of the company's stock, valued at approximately $173,974,841.04. The trade was a 11.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,687,318 shares of company stock worth $270,815,643 in the last 90 days. Corporate insiders own 53.80% of the company's stock.

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.