TKO Group Holdings, Inc. (NYSE:TKO) Position Reduced by Sei Investments Co.

Sei Investments Co. cut its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,263 shares of the company's stock after selling 16,411 shares during the quarter. Sei Investments Co. owned about 0.09% of TKO Group worth $21,638,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in TKO Group during the 4th quarter valued at approximately $32,000. Game Plan Financial Advisors LLC lifted its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after acquiring an additional 155 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of TKO Group during the fourth quarter valued at about $38,000. Finally, UMB Bank n.a. raised its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after acquiring an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TKO shares. 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 research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Guggenheim upped their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Two research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

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TKO Group Price Performance

TKO stock traded down $2.32 during midday trading on Friday, reaching $149.56. The stock had a trading volume of 1,144,136 shares, compared to its average volume of 1,088,435. The company's fifty day simple moving average is $155.35 and its 200 day simple moving average is $139.48. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.60 billion, a price-to-earnings ratio of -356.09 and a beta of 1.08. TKO Group Holdings, Inc. has a 52-week low of $85.01 and a 52-week high of $179.09.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.02%. TKO Group's payout ratio is presently 7,600.00%.

Insiders Place Their Bets

In related news, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19 % 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, CFO Andrew M. Schleimer sold 5,419 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 $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company's stock.

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.