TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) saw unusually large options trading on Friday. Investors purchased 22,670 call options on the stock. This is an increase of approximately 173% compared to the average volume of 8,318 call options.
Insider Buying and Selling
In related news, insider Mark S. Shapiro sold 31,666 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $4,494,672.04. Following the transaction, the insider now owns 73,677 shares of the company's stock, valued at $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 1,921,150 shares of company stock valued at $304,383,748 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.
Hedge Funds Weigh In On TKO Group
Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group during the 4th quarter valued at about $32,000. First Horizon Advisors Inc. raised its stake 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 buying an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake 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 buying an additional 155 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of TKO Group during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 89.79% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TKO. Citigroup increased their target price on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Morgan Stanley increased their target price 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. The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TKO Group presently has an average rating of "Moderate Buy" and an average target price of $157.00.
Check Out Our Latest Research Report on TKO Group
TKO Group Stock Performance
TKO stock traded up $0.43 during midday trading on Tuesday, reaching $146.06. The stock had a trading volume of 595,982 shares, compared to its average volume of 1,353,503. The stock has a market cap of $25.00 billion, a PE ratio of -347.97 and a beta of 1.08. 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 firm has a fifty day simple moving average of $153.74 and a two-hundred day simple moving average of $137.46. TKO Group has a 52-week low of $80.03 and a 52-week high of $179.09.
TKO Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 1.04%. TKO Group's dividend payout ratio (DPR) is 7,600.00%.
About TKO Group
(
Get Free Report)
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.
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