LPL Financial LLC Acquires 3,426 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

LPL Financial LLC raised its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,518 shares of the company's stock after buying an additional 3,426 shares during the period. LPL Financial LLC's holdings in TKO Group were worth $5,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TKO. HighTower Advisors LLC increased its stake in TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of TKO Group by 1.1% during the 3rd quarter. Janus Henderson Group PLC now owns 34,245 shares of the company's stock valued at $4,237,000 after purchasing an additional 367 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock valued at $263,000 after buying an additional 125 shares in the last quarter. Stifel Financial Corp lifted its position in TKO Group by 3.0% in the 3rd quarter. Stifel Financial Corp now owns 24,837 shares of the company's stock worth $3,073,000 after buying an additional 729 shares during the last quarter. Finally, State Street Corp lifted its position in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have commented on TKO. 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. The Goldman Sachs Group boosted their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Pivotal Research reiterated a "buy" rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Guggenheim raised their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and an average target price of $159.36.

TKO Group Trading Down 0.6 %

Shares of TKO traded down $0.85 during mid-day trading on Friday, hitting $144.24. 1,233,871 shares of the company's stock traded hands, compared to its average volume of 1,089,105. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.69 billion, a P/E ratio of -343.43 and a beta of 0.90. The business's 50-day moving average price is $153.95 and its 200-day moving average price is $141.72. TKO Group Holdings, Inc. has a 1 year low of $94.32 and a 1 year high of $179.09.

TKO Group Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, March 14th. TKO Group's payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In other news, Director Jonathan Kraft purchased 3,500 shares of TKO Group stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the purchase, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel acquired 115,952 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the acquisition, the chief executive officer now owns 1,031,804 shares of the company's stock, valued at $148,425,005.40. This represents a 12.66 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company's stock.

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.