TKO Group Holdings, Inc. (NYSE:TKO) is Blue Grotto Capital LLC's 3rd Largest Position

Blue Grotto Capital LLC lifted its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,800 shares of the company's stock after purchasing an additional 17,217 shares during the period. TKO Group accounts for approximately 7.2% of Blue Grotto Capital LLC's holdings, making the stock its 3rd largest position. Blue Grotto Capital LLC owned about 0.16% of TKO Group worth $39,336,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TKO. Smartleaf Asset Management LLC increased its position in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in TKO Group in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. raised its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after acquiring an additional 231 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in 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 purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of TKO Group in the fourth quarter worth approximately $38,000. 89.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TKO shares. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

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Insider Activity at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $285,860. The trade was a 13.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark S. Shapiro sold 31,666 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the transaction, the insider now directly owns 73,677 shares of the company's stock, valued at approximately $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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 owned by insiders.

TKO Group Price Performance

Shares of TKO stock traded down $2.32 on Friday, reaching $149.56. The company's stock had a trading volume of 1,144,136 shares, compared to its average volume of 1,088,435. The company has a market capitalization of $25.60 billion, a price-to-earnings ratio of -356.09 and a beta of 1.08. The stock's fifty day simple moving average is $155.35 and its 200-day simple moving average is $139.48. 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 1 year low of $85.01 and a 1 year high of $179.09.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's dividend 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.