KLP Kapitalforvaltning AS Invests $2.17 Million in TKO Group Holdings, Inc. (NYSE:TKO)

KLP Kapitalforvaltning AS bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,300 shares of the company's stock, valued at approximately $2,174,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of TKO Group during the fourth quarter worth $33,922,000. State Street Corp grew its stake in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Ninety One UK Ltd increased its holdings in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after purchasing an additional 163,980 shares during the period. Geode Capital Management LLC raised its position in TKO Group by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock valued at $153,931,000 after purchasing an additional 85,160 shares in the last quarter. Finally, Twin Tree Management LP boosted its stake in shares of TKO Group by 147.0% in the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock valued at $17,581,000 after buying an additional 73,617 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel bought 117,769 shares of the stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at $452,433,249.80. This trade represents a 4.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell bought 125,589 shares of the company's stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the acquisition, the insider now owns 807,376 shares of the company's stock, valued at approximately $115,503,210.56. This trade represents a 18.42 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 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 currently owned by company insiders.

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TKO Group Stock Performance

Shares of NYSE TKO traded up $0.23 during trading hours on Tuesday, reaching $153.04. The stock had a trading volume of 963,789 shares, compared to its average volume of 1,095,368. The firm has a market cap of $26.20 billion, a price-to-earnings ratio of -364.38 and a beta of 1.08. TKO Group Holdings, Inc. has a fifty-two week low of $85.01 and a fifty-two week high of $179.09. The firm has a 50-day moving average of $155.74 and a 200-day moving average of $140.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The firm also recently disclosed 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 yield of 0.99%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's payout ratio is currently 7,600.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TKO. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Morgan Stanley increased their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Benchmark restated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Two equities research 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $157.00.

TKO Group Company 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.