736,144 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Purchased by Norges Bank

Norges Bank bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 736,144 shares of the company's stock, valued at approximately $104,613,000. Norges Bank owned 0.43% of TKO Group at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TKO. Smartleaf Asset Management LLC raised its position in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of TKO Group in the fourth quarter worth about $32,000. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in TKO Group during the 4th quarter valued at approximately $38,000. Finally, UMB Bank n.a. raised its stake in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Stock Performance

NYSE TKO traded down $10.70 on Friday, reaching $139.74. 2,355,482 shares of the company's stock traded hands, compared to its average volume of 1,084,371. The stock has a 50 day moving average price of $155.76 and a 200-day moving average price of $140.55. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of -332.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $91.38 and a fifty-two week high of $179.09.

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TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.09%. TKO Group's payout ratio is 7,600.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TKO shares. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. The Goldman Sachs Group boosted their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Guggenheim boosted their price objective 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. Finally, Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.00.

Insider Buying and Selling

In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of the business's stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares of the company's stock, valued at $3,306,215. This represents a 17.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares in the company, 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 ninety days, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. 53.80% of the stock is owned by corporate insiders.

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.