TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Ethic Inc.

Ethic Inc. increased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 148.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,624 shares of the company's stock after purchasing an additional 4,555 shares during the quarter. Ethic Inc.'s holdings in TKO Group were worth $1,083,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TKO. Smartleaf Asset Management LLC raised 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 acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in TKO Group in the fourth quarter valued at approximately $32,000. Game Plan Financial Advisors LLC lifted its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after acquiring an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the fourth quarter valued at $38,000. Finally, UMB Bank n.a. increased its stake in TKO Group by 72.8% in 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. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TKO shares. Morgan Stanley lifted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Susquehanna began coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective on the stock. Guggenheim raised their target price on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their price objective on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $164.25.

TKO Group Price Performance

Shares of TKO stock traded up $0.37 on Monday, hitting $163.85. 108,435 shares of the company's stock were exchanged, compared to its average volume of 1,106,116. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The stock has a market cap of $28.05 billion, a P/E ratio of -389.70 and a beta of 0.73. The company has a 50 day moving average of $153.10 and a 200 day moving average of $147.75.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted ($1.26) earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 0.93%. TKO Group's payout ratio is currently 77.16%.

Insider Activity at TKO Group

In other TKO Group news, Director Jonathan Kraft purchased 3,500 shares of the stock in a transaction dated 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 transaction, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. This trade represents a 17.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 23,733 shares of company stock valued at $3,561,318. 61.30% of the stock is owned by corporate insiders.

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.