TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Twin Tree Management LP

Twin Tree Management LP lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 147.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 123,713 shares of the company's stock after purchasing an additional 73,617 shares during the quarter. Twin Tree Management LP owned about 0.07% of TKO Group worth $17,581,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TKO. Massachusetts Financial Services Co. MA boosted its holdings in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock worth $210,892,000 after acquiring an additional 383,869 shares during the period. Raymond James Financial Inc. purchased a new position in shares of TKO Group in the fourth quarter valued at $33,922,000. State Street Corp grew its holdings in TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company's stock valued at $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Ninety One UK Ltd grew its holdings in TKO Group by 4.1% during the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in TKO Group by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company's stock worth $153,931,000 after buying an additional 85,160 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

TKO has been the subject of several recent analyst reports. Guggenheim raised their target price on TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Citigroup increased 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. Morgan Stanley lifted their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Finally, UBS Group raised their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.00.

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TKO Group Stock Performance

TKO stock traded up $0.60 during trading on Thursday, hitting $150.45. 1,768,025 shares of the company's stock traded hands, compared to its average volume of 999,734. The stock has a fifty day moving average price of $153.97 and a two-hundred day moving average price of $137.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52 week low of $80.89 and a 52 week high of $179.09. The stock has a market capitalization of $25.75 billion, a price-to-earnings ratio of -358.20 and a beta of 1.08.

TKO Group Dividend Announcement

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 dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.01%. TKO Group's dividend payout ratio (DPR) is 7,600.00%.

Insiders Place Their Bets

In related news, Director Jonathan Kraft purchased 3,500 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now owns 23,500 shares of the company's stock, valued at $3,306,215. This trade represents a 17.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sonya E. Medina purchased 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $285,860. The trade was a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

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.