TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP increased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 98.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 726,058 shares of the company's stock after purchasing an additional 360,236 shares during the quarter. Marshall Wace LLP owned 0.43% of TKO Group worth $103,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TKO. Vanguard Group Inc. grew its stake 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 valued at $949,449,000 after buying an additional 114,096 shares in the last quarter. Ninety One UK Ltd increased its stake in 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. Independent Franchise Partners LLP lifted its position in shares of TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after purchasing an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after purchasing an additional 47,768 shares during the period. Finally, Geode Capital Management LLC increased its stake in TKO Group by 1.1% during 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 during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley upped their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim upped their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group increased their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TKO Group presently has an average rating of "Moderate Buy" and a consensus target price of $159.36.

Insiders Place Their Bets

In other news, insider Seth D. Krauss sold 2,438 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total transaction of $350,584.40. Following the completion of the transaction, the insider now directly owns 7,983 shares of the company's stock, valued at approximately $1,147,955.40. This represents a 23.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 177,861 shares of the business's stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the acquisition, the insider now directly owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. This represents a 8.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,795,794 shares of company stock valued at $286,450,289 and sold 5,833 shares valued at $838,785. 53.80% of the stock is owned by insiders.

TKO Group Stock Performance

NYSE:TKO traded down $7.26 during mid-day trading on Monday, reaching $141.96. 440,255 shares of the stock were exchanged, compared to its average volume of 1,087,445. The stock has a market capitalization of $24.30 billion, a P/E ratio of -338.00 and a beta of 0.90. The company has a 50 day simple moving average of $152.07 and a 200-day simple moving average of $142.58. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 1 year low of $94.32 and a 1 year high of $179.09.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio is presently 7,600.00%.

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.