TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 638,833 shares of the company's stock after selling 27,988 shares during the period. American Century Companies Inc. owned about 0.37% of TKO Group worth $90,785,000 at the end of the most recent reporting period.

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

Insider Activity at TKO Group

In other news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jonathan Kraft acquired 3,500 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the purchase, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. This represents a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 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 corporate insiders.

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Analysts Set New Price Targets

Several equities analysts have recently commented on TKO shares. Citigroup upped their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Benchmark reiterated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. UBS Group boosted their target price 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. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Guggenheim raised their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Two 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.00.

TKO Group Stock Performance

TKO stock traded up $1.74 during trading on Tuesday, hitting $154.65. The company had a trading volume of 1,239,000 shares, compared to its average volume of 1,048,083. The firm has a 50-day moving average price of $154.55 and a 200-day moving average price of $138.58. TKO Group Holdings, Inc. has a 1-year low of $85.01 and a 1-year high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $26.47 billion, a PE ratio of -368.21 and a beta of 1.08.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's payout ratio is 7,600.00%.

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.