Wells Fargo & Company MN Buys 67,544 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Wells Fargo & Company MN increased its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,743 shares of the company's stock after buying an additional 67,544 shares during the period. Wells Fargo & Company MN owned 0.17% of TKO Group worth $40,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group in the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC increased its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after acquiring an additional 155 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of TKO Group in the 4th quarter worth about $38,000. Finally, UMB Bank n.a. lifted its holdings in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Stock Performance

Shares of TKO stock traded up $0.96 on Tuesday, reaching $149.09. The stock had a trading volume of 302,191 shares, compared to its average volume of 1,085,448. The stock has a market cap of $25.52 billion, a P/E ratio of -354.98 and a beta of 0.90. 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 1 year low of $94.32 and a 1 year high of $179.09. The company has a 50 day simple moving average of $153.69 and a 200 day simple moving average of $141.88.

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TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. TKO Group's dividend payout ratio is currently 7,600.00%.

Insiders Place Their Bets

In related news, Director Sonya E. Medina bought 233 shares of the 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 completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ariel Emanuel purchased 115,952 shares of TKO Group stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the transaction, the chief executive officer now owns 1,031,804 shares of the company's stock, valued at approximately $148,425,005.40. This represents a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. Insiders own 53.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Guggenheim upped their price objective on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley increased their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $159.36.

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.