Sonya E. Medina Purchases 233 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Sonya E. Medina purchased 233 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was bought 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 of the company’s stock, valued at $285,860. This trade represents a 13.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

TKO Group Stock Up 3.1 %

Shares of NYSE:TKO opened at $150.02 on Thursday. The company has a market capitalization of $25.68 billion, a PE ratio of -357.20 and a beta of 1.08. TKO Group Holdings, Inc. has a 52-week low of $80.89 and a 52-week high of $179.09. The company has a fifty day moving average of $153.97 and a 200-day moving average of $137.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. TKO Group’s payout ratio is 7,600.00%.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently bought and sold shares of TKO. Smartleaf Asset Management LLC increased its holdings in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. acquired a new stake in TKO Group in the fourth quarter valued at $32,000. First Horizon Advisors Inc. increased 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 valued at $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC lifted its position in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after acquiring an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group in the 4th quarter valued at about $38,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on TKO. The Goldman Sachs Group upped their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Guggenheim upped their target price on 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. upped their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. 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 company. According to data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Company 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.