TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 638,833 shares of the company’s stock after selling 27,988 shares during the period. American Century Companies Inc. owned 0.37% of TKO Group worth $90,785,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TKO. M&T Bank Corp boosted its stake in TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. boosted its position in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares during the period. US Bancorp DE grew its holdings in TKO Group by 18.0% in the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after buying an additional 86 shares in the last quarter. Coldstream Capital Management Inc. increased its position in TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after acquiring an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in TKO Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after acquiring an additional 100 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell purchased 177,861 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the acquisition, the insider now directly owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. The trade was a 8.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark S. Shapiro sold 31,666 shares of the firm’s 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 $4,494,672.04. Following the completion of the transaction, the insider now directly owns 73,677 shares of the company’s stock, valued at $10,457,713.38. This represents a 30.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE TKO opened at $153.17 on Tuesday. The stock’s fifty day simple moving average is $154.55 and its 200 day simple moving average is $138.58. The stock has a market capitalization of $26.22 billion, a price-to-earnings ratio of -364.70 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. TKO Group Holdings, Inc. has a 52-week low of $84.88 and a 52-week high of $179.09.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid 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 0.99%. TKO Group’s dividend payout ratio is currently 7,600.00%.

Analyst Ratings Changes

TKO has been the subject of several recent analyst reports. UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.