OneDigital Investment Advisors LLC raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO – Free Report) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,169 shares of the company’s stock after buying an additional 442 shares during the period. OneDigital Investment Advisors LLC’s holdings in TKO Group were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in shares of 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 buying an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in TKO Group in the 4th quarter valued at about $32,000. Game Plan Financial Advisors LLC lifted its position 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 worth $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. grew its stake in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.
Insider Buying and Selling at TKO Group
In other TKO Group news, Director Jonathan Kraft acquired 3,500 shares of TKO Group stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. This represents a 17.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sonya E. Medina bought 233 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $285,860. The trade was a 13.19 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,795,794 shares of company stock worth $286,450,289 and have sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company’s stock.
TKO Group Price Performance
TKO Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is presently 7,600.00%.
Analysts Set New Price Targets
TKO has been the topic of several research reports. Morgan Stanley upped their price objective on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Pivotal Research reiterated 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 upped their target price on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $159.36.
Check Out Our Latest Analysis on TKO Group
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.
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