90,000 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Acquired by Sellaronda Global Management LP

Sellaronda Global Management LP acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 90,000 shares of the company's stock, valued at approximately $12,790,000. TKO Group accounts for about 12.9% of Sellaronda Global Management LP's investment portfolio, making the stock its 2nd biggest holding. Sellaronda Global Management LP owned about 0.05% of TKO Group as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TKO. HighTower Advisors LLC boosted its holdings in shares of TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after buying an additional 16,746 shares during the period. Janus Henderson Group PLC lifted its position in TKO Group by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 34,245 shares of the company's stock valued at $4,237,000 after acquiring an additional 367 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in TKO Group by 6.2% in 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. Quantinno Capital Management LP boosted its stake in TKO Group by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 28,675 shares of the company's stock worth $3,547,000 after purchasing an additional 207 shares during the period. Finally, Stifel Financial Corp increased 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 worth $3,073,000 after purchasing an additional 729 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

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Analyst Ratings Changes

TKO has been the subject of several recent research reports. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. UBS Group lifted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Citigroup raised their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.36.

Insider Buying and Selling at TKO Group

In other TKO Group news, CEO Ariel Emanuel bought 115,952 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $143.85 per share, for a total transaction of $16,679,695.20. Following the transaction, the chief executive officer now directly owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This trade represents a 12.66 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sonya E. Medina purchased 233 shares of the company's stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. In the last three months, 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. Insiders own 53.80% of the company's stock.

TKO Group Stock Performance

TKO stock traded down $0.85 during midday trading on Friday, reaching $144.24. 1,233,871 shares of the company were exchanged, compared to its average volume of 1,090,779. The firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of -343.43 and a beta of 0.90. The business has a 50-day moving average price of $153.95 and a two-hundred day moving average price of $141.59. TKO Group Holdings, Inc. has a one year low of $94.32 and a one year high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid 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 yield of 1.05%. TKO Group's dividend payout ratio (DPR) is currently 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.