TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 106,255 shares of the company's stock after selling 7,098 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of TKO Group worth $15,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in TKO Group by 177.2% during the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after acquiring an additional 16,746 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of TKO Group by 6.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock worth $263,000 after purchasing an additional 125 shares during the period. Stifel Financial Corp grew its holdings in TKO Group by 3.0% during the 3rd quarter. Stifel Financial Corp now owns 24,837 shares of the company's stock valued at $3,073,000 after purchasing an additional 729 shares during the last quarter. State Street Corp raised its position in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock worth $253,966,000 after purchasing an additional 192,602 shares during the period. Finally, MML Investors Services LLC lifted its stake in TKO Group by 3.8% in the third quarter. MML Investors Services LLC now owns 5,604 shares of the company's stock worth $693,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

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Insider Activity at TKO Group

In related news, major shareholder Patrick Whitesell acquired 125,589 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $143.06 per share, for a total transaction of $17,966,762.34. Following the purchase, the insider now directly owns 807,376 shares of the company's stock, valued at $115,503,210.56. This trade represents a 18.42 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel bought 115,952 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $143.85 per share, for a total transaction of $16,679,695.20. Following the purchase, the chief executive officer now directly owns 1,031,804 shares of the company's stock, valued at $148,425,005.40. The trade was a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TKO. Pivotal Research reaffirmed a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley upped their price objective on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Guggenheim boosted 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. Finally, The Goldman Sachs Group raised their price target 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 investment 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 data from MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and an average price target of $159.36.

TKO Group Stock Up 0.4 %

TKO Group stock traded up $0.61 during midday trading on Wednesday, hitting $150.26. 99,845 shares of the company's stock were exchanged, compared to its average volume of 1,625,420. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $25.72 billion, a PE ratio of -357.87 and a beta of 0.90. The firm has a 50-day moving average of $153.46 and a two-hundred day moving average of $141.93. TKO Group Holdings, Inc. has a 12 month low of $94.32 and a 12 month high of $179.09.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.01%. 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.