Renaissance Technologies LLC Decreases Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Renaissance Technologies LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,207,406 shares of the company's stock after selling 165,194 shares during the quarter. Renaissance Technologies LLC owned about 0.71% of TKO Group worth $171,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after purchasing an additional 114,096 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after buying an additional 163,980 shares in the last quarter. State Street Corp boosted its position in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 2.8% during 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of TKO Group by 1.1% in 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 last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TKO. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted 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. Finally, Guggenheim increased their target price on shares of TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TKO Group currently has a consensus rating of "Moderate Buy" and an average price target of $159.36.

Insider Buying and Selling

In other TKO Group news, CEO Ariel Emanuel acquired 115,952 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average cost of $143.85 per share, with a total value of $16,679,695.20. Following the completion of the purchase, the chief executive officer now directly owns 1,031,804 shares in the company, valued at $148,425,005.40. The trade was a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell bought 125,589 shares of the company's stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $143.06 per share, for a total transaction of $17,966,762.34. Following the completion of the acquisition, the insider now owns 807,376 shares in the company, valued at $115,503,210.56. This represents a 18.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 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 insiders.

TKO Group Trading Down 0.6 %

TKO traded down $0.85 on Friday, reaching $144.24. 1,233,871 shares of the company 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 company has a market cap of $24.69 billion, a P/E ratio of -343.43 and a beta of 0.90. The firm has a fifty day simple moving average of $153.95 and a two-hundred day simple moving average of $141.72. TKO Group Holdings, Inc. has a one year low of $94.32 and a one year high of $179.09.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. TKO Group's payout ratio is 7,600.00%.

TKO Group Company 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.