TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,372 shares of the company's stock after buying an additional 4,598 shares during the period. Pinebridge Investments L.P.'s holdings in TKO Group were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TKO. Smartleaf Asset Management LLC boosted its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group during the 4th quarter worth $32,000. Game Plan Financial Advisors LLC lifted its position in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after buying an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the 4th quarter valued at approximately $38,000. Finally, UMB Bank n.a. lifted its stake in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Up 0.3 %

Shares of TKO traded up $0.50 during mid-day trading on Thursday, reaching $163.41. The company's stock had a trading volume of 1,179,986 shares, compared to its average volume of 1,103,736. 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 $94.72 and a 12-month high of $179.09. The stock has a market cap of $27.97 billion, a PE ratio of -389.07 and a beta of 0.90. The company's 50 day moving average is $149.65 and its 200 day moving average is $143.93.

TKO Group Announces Dividend

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 dividend of $0.38 per share. 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 0.93%. TKO Group's payout ratio is currently 7,600.00%.

Analyst Ratings Changes

TKO has been the topic of several research reports. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Susquehanna began coverage on shares of TKO Group in a report on Monday. They issued a "positive" rating and a $180.00 price objective for the company. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Morgan Stanley boosted their price target on shares of 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, The Goldman Sachs Group increased their price objective on 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, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.08.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell purchased 177,861 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the purchase, the insider now directly owns 2,188,966 shares of the company's stock, valued at $363,346,466.34. This represents a 8.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Kraft acquired 20,000 shares of TKO Group stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $151.78 per share, with a total value of $3,035,600.00. Following the purchase, the director now owns 20,000 shares of the company's stock, valued at $3,035,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 997,560 shares of company stock valued at $165,425,018. 53.80% of the stock is owned by corporate insiders.

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.