Commerce Bank Purchases 20,834 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Commerce Bank raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 299.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,784 shares of the company's stock after acquiring an additional 20,834 shares during the quarter. Commerce Bank's holdings in TKO Group were worth $3,948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TKO. Vanguard Group Inc. lifted its stake in TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after acquiring an additional 114,096 shares in the last quarter. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after purchasing an additional 163,980 shares during the period. Independent Franchise Partners LLP increased its stake in TKO Group by 7.4% in the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after buying an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock worth $249,047,000 after buying an additional 47,768 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TKO Group by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock valued at $178,777,000 after buying an additional 13,181 shares during the period. Institutional investors own 89.79% of the company's stock.

Insider Buying and Selling

In other news, Director Jonathan Kraft purchased 3,500 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,345,370 shares of company stock valued at $219,805,951. 53.80% of the stock is owned by company insiders.

TKO Group Stock Performance

NYSE:TKO traded up $1.99 during mid-day trading on Friday, hitting $157.27. 1,430,591 shares of the company's stock traded hands, compared to its average volume of 1,097,437. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of -374.45 and a beta of 0.90. The firm has a 50 day moving average of $149.68 and a two-hundred day moving average of $143.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $94.63 and a 12 month high of $179.09.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.97%. TKO Group's payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TKO shares. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Pivotal Research reaffirmed a "buy" rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Guggenheim reissued a "buy" rating and issued a $175.00 price target on shares of TKO Group in a research note on Wednesday. Benchmark restated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus target price of $159.36.

TKO Group 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.