TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,102 shares of the company's stock after selling 15,065 shares during the quarter. First Trust Advisors LP owned approximately 0.13% of TKO Group worth $31,989,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of TKO Group during the fourth quarter worth about $104,613,000. Arrowstreet Capital Limited Partnership bought a new position in TKO Group in the 4th quarter worth about $54,778,000. Marshall Wace LLP raised its holdings in shares of TKO Group by 98.5% during the fourth quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock valued at $103,180,000 after buying an additional 360,236 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of TKO Group by 277.4% during the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock worth $48,839,000 after buying an additional 252,613 shares during the period. Finally, Raymond James Financial Inc. bought a new position in TKO Group in the 4th quarter worth approximately $33,922,000. Institutional investors own 89.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Guggenheim restated a "buy" rating and set a $175.00 price target on shares of TKO Group in a research report on Wednesday. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Morgan Stanley boosted their target price on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group lifted their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.36.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell purchased 89,234 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $153.18 per share, with a total value of $13,668,864.12. Following the completion of the transaction, the insider now owns 1,347,034 shares of the company's stock, valued at approximately $206,338,668.12. This represents a 7.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel acquired 92,559 shares of TKO Group stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of $157.69 per share, with a total value of $14,595,628.71. Following the completion of the purchase, the chief executive officer now owns 1,439,593 shares in the company, valued at approximately $227,009,420.17. This represents a 6.87 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,345,370 shares of company stock valued at $219,805,951 in the last three months. 53.80% of the stock is currently owned by company insiders.

TKO Group Price Performance

TKO stock opened at $155.44 on Friday. The firm has a 50-day moving average of $149.98 and a two-hundred day moving average of $142.99. The firm has a market capitalization of $26.61 billion, a PE ratio of -370.10 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a one year low of $94.32 and a one year high of $179.09.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were 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 was 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.

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