IHT Wealth Management LLC Has $2.49 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

IHT Wealth Management LLC decreased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,492 shares of the company's stock after selling 17,533 shares during the quarter. IHT Wealth Management LLC's holdings in TKO Group were worth $2,486,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. J. Safra Sarasin Holding AG increased its position in shares of TKO Group by 12.4% during the 4th quarter. J. Safra Sarasin Holding AG now owns 3,440 shares of the company's stock worth $489,000 after purchasing an additional 380 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of TKO Group by 16.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 3,169 shares of the company's stock worth $450,000 after purchasing an additional 442 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of TKO Group by 63.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company's stock worth $663,000 after purchasing an additional 1,811 shares during the last quarter. TFJ Management LLC acquired a new position in shares of TKO Group during the 4th quarter worth approximately $1,352,000. Finally, MetLife Investment Management LLC increased its position in shares of TKO Group by 9.0% during the 4th quarter. MetLife Investment Management LLC now owns 38,205 shares of the company's stock worth $5,429,000 after purchasing an additional 3,157 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Performance

TKO traded up $1.99 during trading on Friday, hitting $157.27. The stock had a trading volume of 1,430,591 shares, compared to its average volume of 1,100,145. The company has a 50 day moving average price of $149.68 and a 200-day moving average price of $143.43. The firm has a market cap of $26.92 billion, a price-to-earnings ratio of -374.45 and a beta of 0.90. TKO Group Holdings, Inc. has a one year low of $94.63 and a one year high of $179.09. 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 Dividend Announcement

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

Insider Buying and Selling at TKO Group

In related news, Director Jonathan Kraft acquired 20,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $151.78 per share, with a total value of $3,035,600.00. Following the acquisition, the director now directly owns 20,000 shares of the company's stock, valued at approximately $3,035,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ariel Emanuel purchased 92,559 shares of the stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of $157.69 per share, with a total value of $14,595,628.71. Following the acquisition, the chief executive officer now directly owns 1,439,593 shares in the company, valued at $227,009,420.17. This represents a 6.87 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,345,370 shares of company stock valued at $219,805,951 in the last three months. Corporate insiders own 53.80% of the company's stock.

Wall Street Analysts Forecast Growth

TKO has been the topic of several recent analyst reports. Pivotal Research reaffirmed a "buy" rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group lifted 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. Morgan Stanley lifted their target price on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Seaport Res Ptn upgraded TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Guggenheim reiterated a "buy" rating and set a $175.00 target price on shares of TKO Group in a research note on Wednesday. Two investment 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's stock. Based on data from MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.36.

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.