TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 86.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 790 shares of the company's stock after selling 4,992 shares during the quarter. AlphaQuest LLC's holdings in TKO Group were worth $112,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of TKO Group by 559.3% during the fourth 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 period. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. boosted its position in shares of 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 boosted its position in shares of TKO Group by 172.2% during the fourth 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 period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of TKO Group during the fourth quarter valued at approximately $38,000. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Down 0.4 %

NYSE:TKO traded down $0.63 during trading hours on Friday, reaching $149.77. The company's stock had a trading volume of 19,094,554 shares, compared to its average volume of 1,045,944. The company has a market capitalization of $25.64 billion, a P/E ratio of -356.59 and a beta of 1.08. TKO Group Holdings, Inc. has a 12 month low of $84.88 and a 12 month 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 stock has a 50 day moving average price of $154.33 and a two-hundred day moving average price of $138.04.

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TKO Group Announces Dividend

The firm also recently disclosed 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's dividend payout ratio (DPR) is 7,600.00%.

Insider Buying and Selling

In other news, CAO Shane Kapral sold 1,034 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company's stock, valued at approximately $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 156,446 shares of TKO Group stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the transaction, the insider now owns 2,461,668 shares of the company's stock, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TKO. Guggenheim boosted their price target on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Citigroup boosted their price target on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

TKO Group Company 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.