Jonathan Kraft Acquires 20,000 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft acquired 20,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $151.78 per share, for a total transaction of $3,035,600.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $3,035,600. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jonathan Kraft also recently made the following trade(s):

• On Friday, March 7th, Jonathan Kraft purchased 3,500 shares of TKO Group stock. The stock was acquired at an average cost of $140.69 per share, for a total transaction of $492,415.00.

TKO Group Stock Up 2.0 %

Shares of TKO opened at $144.95 on Wednesday. The firm has a market cap of $24.81 billion, a PE ratio of -345.12 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 company’s fifty day moving average is $153.67 and its two-hundred day moving average is $136.73. TKO Group Holdings, Inc. has a fifty-two week low of $79.32 and a fifty-two week high of $179.09.

TKO Group Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of TKO Group by 559.3% in 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its stake in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the period. Game Plan Financial Advisors LLC increased its position in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group in the fourth quarter worth $38,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TKO. Guggenheim raised their price objective 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. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Pivotal Research restated a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

About TKO Group

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.