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

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft purchased 20,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 20,000 shares of the company’s stock, valued at approximately $3,035,600. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

TKO Group Stock Performance

NYSE:TKO opened at $147.07 on Thursday. TKO Group Holdings, Inc. has a twelve month low of $79.32 and a twelve month high of $179.09. The stock has a market cap of $25.17 billion, a P/E ratio of -350.17 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 firm’s fifty day simple moving average is $153.77 and its 200 day simple moving average is $136.80.

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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Pivotal Research reaffirmed a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Guggenheim lifted 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. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Morgan Stanley lifted their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Two 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Institutional Trading of TKO Group

A number of hedge funds have recently modified their holdings of TKO. Assetmark Inc. boosted its holdings in shares of TKO Group by 7.9% during the 3rd quarter. Assetmark Inc. now owns 20,718 shares of the company’s stock valued at $2,563,000 after buying an additional 1,513 shares in the last quarter. Covestor Ltd boosted its holdings in shares of TKO Group by 53.6% during the 3rd quarter. Covestor Ltd now owns 825 shares of the company’s stock valued at $102,000 after buying an additional 288 shares in the last quarter. HTG Investment Advisors Inc. bought a new stake in shares of TKO Group during the 3rd quarter valued at $225,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of TKO Group by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock valued at $491,000 after buying an additional 139 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of TKO Group during the 3rd quarter valued at $222,000. Institutional investors own 89.79% of the company’s stock.

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.