MetLife Investment Management LLC Acquires 3,157 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

MetLife Investment Management LLC lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,205 shares of the company's stock after buying an additional 3,157 shares during the period. MetLife Investment Management LLC's holdings in TKO Group were worth $5,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of TKO Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after purchasing an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TKO Group by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock worth $2,836,000 after acquiring an additional 3,572 shares during the period. Twin Tree Management LP grew its stake in shares of TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after purchasing an additional 73,617 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock valued at $1,848,000 after purchasing an additional 4,836 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in TKO Group in the fourth quarter worth about $431,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling at TKO Group

In other news, Director Sonya E. Medina purchased 233 shares of the business's stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $142.93 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell bought 99,996 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $156.60 per share, with a total value of $15,659,373.60. Following the completion of the transaction, the insider now directly owns 1,539,589 shares of the company's stock, valued at approximately $241,099,637.40. This represents a 6.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,163,577 shares of company stock valued at $191,541,458 in the last quarter. Company insiders own 53.80% of the company's stock.

TKO Group Stock Up 0.5 %

Shares of NYSE TKO traded up $0.74 during mid-day trading on Tuesday, reaching $161.17. The company had a trading volume of 138,241 shares, compared to its average volume of 1,097,159. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $27.59 billion, a price-to-earnings ratio of -383.40 and a beta of 0.90. The stock has a fifty day moving average of $149.57 and a two-hundred day moving average of $143.66. 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.94%. TKO Group's payout ratio is 7,600.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TKO. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Susquehanna began coverage on TKO Group in a report on Monday. They set a "positive" rating and a $180.00 target price on the stock. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Morgan Stanley boosted their price objective 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. Finally, Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and a consensus price target of $161.08.

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.