Insider Buying: TKO Group Holdings, Inc. (NYSE:TKO) Director Acquires 20,000 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Jonathan Kraft purchased 20,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the acquisition, the director now owns 20,000 shares of the company's stock, valued at $3,035,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jonathan Kraft also recently made the following trade(s):

• On Friday, March 7th, Jonathan Kraft acquired 3,500 shares of TKO Group stock. The stock was bought at an average cost of $140.69 per share, for a total transaction of $492,415.00.

TKO Group Price Performance

TKO traded down $1.60 during midday trading on Friday, hitting $139.26. The stock had a trading volume of 2,482,302 shares, compared to its average volume of 991,856. TKO Group Holdings, Inc. has a 1 year low of $79.44 and a 1 year high of $179.09. 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 business has a fifty day moving average of $153.66 and a 200 day moving average of $136.98. The company has a market cap of $23.84 billion, a P/E ratio of -331.56 and a beta of 1.08.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's dividend payout ratio is currently 7,600.00%.

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Wall Street Analyst Weigh In

TKO has been the subject of several recent analyst reports. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group increased 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. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley lifted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $157.00.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. bought a new stake in shares of TKO Group in the 4th quarter valued at about $500,000. Toronto Dominion Bank purchased a new stake in shares of TKO Group during the fourth quarter valued at approximately $1,258,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of TKO Group in the fourth quarter worth $1,360,000. Josh Arnold Investment Consultant LLC bought a new stake in TKO Group during the 4th quarter valued at $2,167,000. Finally, Neo Ivy Capital Management purchased a new stake in TKO Group during the 4th quarter valued at $309,000. 89.79% of the stock is owned by institutional investors.

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.