20,748 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,748 shares of the company's stock, valued at approximately $2,948,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in shares of TKO Group during the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its position in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after acquiring an additional 231 shares during the period. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after acquiring an additional 155 shares during the period. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 115 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of TKO Group during the 4th quarter valued at approximately $44,000. 89.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TKO. Pivotal Research reissued a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group upped their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. 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. UBS Group upped their price target 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, Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TKO Group has an average rating of "Moderate Buy" and an average target price of $157.00.

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TKO Group Price Performance

NYSE:TKO traded down $3.60 during midday trading on Friday, hitting $143.39. The company had a trading volume of 2,562,261 shares, compared to its average volume of 974,747. TKO Group Holdings, Inc. has a 52-week low of $79.32 and a 52-week high of $179.09. The stock's fifty day moving average price is $153.64 and its 200-day moving average price is $136.25. The company has a market capitalization of $24.49 billion, a PE ratio of -341.40 and a beta of 1.08. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.06%. TKO Group's payout ratio is 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the transaction, the insider now owns 1,674,322 shares of the company's stock, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 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.