TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,681,087 shares of the company's stock after buying an additional 114,096 shares during the quarter. Vanguard Group Inc. owned approximately 3.91% of TKO Group worth $949,449,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ninety One UK Ltd increased its stake in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after purchasing an additional 163,980 shares during the period. State Street Corp grew its holdings in shares of TKO Group by 10.4% in the third 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. Principal Financial Group Inc. increased its stake in TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock worth $154,185,000 after buying an additional 13,148 shares during the period. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after buying an additional 16,536 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

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Insider Activity

In other news, Director Sonya E. Medina purchased 233 shares of the stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $285,860. The trade was a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Guggenheim boosted their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group raised their price target on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Citigroup upped their price objective on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, UBS Group raised their target price on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

TKO Group Trading Up 2.5 %

TKO traded up $3.78 during midday trading on Wednesday, hitting $156.77. The company's stock had a trading volume of 286,245 shares, compared to its average volume of 1,092,269. The firm has a market cap of $26.83 billion, a P/E ratio of -372.92 and a beta of 1.08. TKO Group Holdings, Inc. has a 52-week low of $85.01 and a 52-week high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $155.74 and a two-hundred day moving average price of $140.19.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. TKO Group's dividend payout ratio (DPR) is presently 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.