Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 21.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,953 shares of the company's stock after purchasing an additional 3,572 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in TKO Group were worth $2,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TKO. Smartleaf Asset Management LLC boosted its holdings 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 valued at $26,000 after buying an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter worth about $32,000. First Horizon Advisors Inc. grew its holdings in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC increased its stake in shares of 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. purchased a new position in shares of TKO Group during the fourth quarter valued at approximately $38,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

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TKO Group Price Performance

NYSE:TKO traded up $4.55 on Wednesday, reaching $150.02. 1,156,403 shares of the company's stock traded hands, compared to its average volume of 1,359,427. The firm has a market cap of $25.68 billion, a PE ratio of -357.20 and a beta of 1.08. 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 stock has a 50-day simple moving average of $153.81 and a 200-day simple moving average of $137.65. TKO Group Holdings, Inc. has a 12 month low of $80.89 and a 12 month high of $179.09.

TKO Group Dividend Announcement

The business also recently disclosed 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 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's payout ratio is currently 7,600.00%.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell purchased 156,446 shares of TKO Group stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the transaction, the insider now directly owns 2,461,668 shares of the company's stock, valued at $432,268,900.80. The trade was a 6.79 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company's stock.

Wall Street Analyst Weigh In

TKO has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Finally, Pivotal Research restated a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $157.00.

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.