Legal & General Group Plc Has $15.56 Million Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Legal & General Group Plc lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,455 shares of the company's stock after selling 6,195 shares during the quarter. Legal & General Group Plc owned 0.06% of TKO Group worth $15,555,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after buying an additional 114,096 shares during the period. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 4.1% during the fourth 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. Massachusetts Financial Services Co. MA increased its stake in TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after buying an additional 47,768 shares during the period. Geode Capital Management LLC lifted its position in TKO Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock worth $178,777,000 after buying an additional 13,181 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock valued at $154,185,000 after buying an additional 13,148 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insider Activity at TKO Group

In related news, major shareholder Patrick Whitesell purchased 108,476 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the purchase, the insider now directly owns 915,852 shares in the company, valued at $132,001,748.76. This represents a 13.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the stock in a transaction on Monday, March 17th. The stock was bought at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,795,794 shares of company stock valued at $286,450,289 and have sold 5,833 shares valued at $838,785. 53.80% of the stock is currently owned by insiders.

TKO Group Stock Performance

TKO stock traded up $1.45 during midday trading on Friday, hitting $149.41. The stock had a trading volume of 705,710 shares, compared to its average volume of 1,088,333. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of -355.73 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $152.07 and a 200 day simple moving average of $142.34. TKO Group Holdings, Inc. has a 52 week low of $94.32 and a 52 week high of $179.09.

TKO Group Dividend Announcement

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 dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. TKO Group's dividend payout ratio (DPR) is currently 7,600.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim raised their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley increased their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. UBS Group upped their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. 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 company has an average rating of "Moderate Buy" and an average target price of $159.36.

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.