TKO Group Holdings, Inc. (NYSE:TKO) Director Purchases $33,302.69 in Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Sonya E. Medina bought 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $285,860. The trade was a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

TKO Group Stock Performance

NYSE TKO traded down $0.63 during trading on Friday, hitting $149.77. 19,094,554 shares of the company's stock traded hands, compared to its average volume of 1,045,649. The business has a 50 day moving average of $154.33 and a 200-day moving average of $138.18. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of -356.59 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. TKO Group Holdings, Inc. has a 12-month low of $84.88 and a 12-month high of $179.09.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. TKO Group's payout ratio is 7,600.00%.

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Hedge Funds Weigh In On TKO Group

A number of large investors have recently modified their holdings of TKO. Smartleaf Asset Management LLC boosted its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of TKO Group in the fourth quarter worth $32,000. First Horizon Advisors Inc. boosted its stake in TKO Group by 491.5% during the third 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 period. Game Plan Financial Advisors LLC grew its position in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after buying an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group in the 4th quarter worth about $38,000. 89.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup raised their price target 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. Pivotal Research reissued a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. UBS Group upped their target price on 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 lifted their price target on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Guggenheim raised their target price on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and an average price target of $157.00.

About TKO Group

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.