TKO Group Holdings, Inc. (NYSE:TKO) Stake Increased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,205 shares of the company's stock after buying an additional 3,157 shares during the quarter. MetLife Investment Management LLC's holdings in TKO Group were worth $5,429,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of TKO Group during the fourth quarter worth $104,613,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of TKO Group during the fourth quarter worth about $54,778,000. Marshall Wace LLP lifted its stake in shares of TKO Group by 98.5% in the fourth quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock worth $103,180,000 after acquiring an additional 360,236 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in TKO Group by 277.4% in the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock valued at $48,839,000 after purchasing an additional 252,613 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in TKO Group during the 4th quarter worth approximately $33,922,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Price Performance

TKO traded up $1.99 during trading on Friday, reaching $157.27. The stock had a trading volume of 1,430,591 shares, compared to its average volume of 1,100,145. The stock has a 50 day moving average of $149.68 and a two-hundred day moving average of $143.31. 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 $26.92 billion, a price-to-earnings ratio of -374.45 and a beta of 0.90. TKO Group Holdings, Inc. has a 1-year low of $94.63 and a 1-year high of $179.09.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.97%. TKO Group's dividend payout ratio is currently 7,600.00%.

Insider Buying and Selling

In other TKO Group news, major shareholder Patrick Whitesell acquired 156,446 shares of the stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the purchase, the insider now directly owns 2,461,668 shares of the company's stock, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,345,370 shares of company stock valued at $219,805,951 over the last three months. Company insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TKO. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Pivotal Research reissued a "buy" rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price objective 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. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.36.

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.