TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,001,157 shares of the company's stock after selling 94,159 shares during the quarter. TD Asset Management Inc. owned 0.59% of TKO Group worth $142,274,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TKO. Vanguard Group Inc. grew its position in TKO Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after buying an additional 114,096 shares during the period. LPL Financial LLC grew its position in shares of TKO Group by 10.0% during the 4th quarter. LPL Financial LLC now owns 37,518 shares of the company's stock valued at $5,332,000 after acquiring an additional 3,426 shares during the period. KLP Kapitalforvaltning AS acquired a new position in TKO Group in the 4th quarter worth about $2,174,000. TD Private Client Wealth LLC lifted its position in shares of TKO Group by 86.8% during the 4th quarter. TD Private Client Wealth LLC now owns 325 shares of the company's stock valued at $46,000 after buying an additional 151 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of TKO Group by 552.9% during the 4th quarter. Teacher Retirement System of Texas now owns 33,964 shares of the company's stock worth $4,827,000 after purchasing an additional 28,762 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Trading Down 1.5 %

TKO traded down $2.32 during mid-day trading on Friday, hitting $149.56. 1,144,136 shares of the stock were exchanged, compared to its average volume of 1,088,435. The company has a market cap of $25.60 billion, a PE ratio of -356.09 and a beta of 1.08. 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 firm's fifty day moving average is $155.35 and its two-hundred day moving average is $139.48. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year high of $179.09.

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TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.02%. TKO Group's dividend payout ratio is currently 7,600.00%.

Wall Street Analysts Forecast Growth

TKO has been the topic of several recent research reports. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Finally, Citigroup lifted their target price 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. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

Insider Buying and Selling at TKO Group

In related news, insider Mark S. Shapiro sold 31,666 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell acquired 125,589 shares of TKO Group stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $143.06 per share, with a total value of $17,966,762.34. Following the transaction, the insider now owns 807,376 shares of the company's stock, valued at $115,503,210.56. This trade represents a 18.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by insiders.

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.