Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Director Buys 3,500 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Jonathan Kraft bought 3,500 shares of the company's stock in a transaction 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 transaction, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This trade represents a 17.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jonathan Kraft also recently made the following trade(s):

• On Monday, March 3rd, Jonathan Kraft bought 20,000 shares of TKO Group stock. The shares were purchased at an average price of $151.78 per share, for a total transaction of $3,035,600.00.

TKO Group Stock Performance

Shares of TKO Group stock traded down $1.60 on Friday, reaching $139.26. 2,482,302 shares of the company were exchanged, compared to its average volume of 991,856. TKO Group Holdings, Inc. has a 1-year low of $79.44 and a 1-year high of $179.09. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of -331.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company's 50-day moving average is $153.66 and its two-hundred day moving average is $136.98.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.09%. TKO Group's dividend payout ratio is presently 7,600.00%.

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Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group in the 4th quarter worth $32,000. First Horizon Advisors Inc. boosted its stake in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after buying an additional 231 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after acquiring an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in TKO Group in the fourth quarter worth about $38,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on TKO shares. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. UBS Group increased their price objective 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. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, Pivotal Research reissued a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and an average target price 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.