9,516 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Bought by TFJ Management LLC

TFJ Management LLC acquired a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,516 shares of the company's stock, valued at approximately $1,352,000. TKO Group accounts for approximately 1.2% of TFJ Management LLC's investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds have also modified their holdings of TKO. Norges Bank acquired a new stake in shares of TKO Group in the 4th quarter valued at $104,613,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TKO Group during the 4th quarter worth about $54,778,000. Marshall Wace LLP lifted its holdings in TKO Group by 98.5% during the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock valued at $103,180,000 after purchasing an additional 360,236 shares during the last quarter. Alliancebernstein L.P. boosted its position in TKO Group by 277.4% in the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock valued at $48,839,000 after buying an additional 252,613 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in TKO Group during the fourth quarter worth about $33,922,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sonya E. Medina purchased 233 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This represents a 13.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ariel Emanuel acquired 92,559 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average cost of $157.69 per share, for a total transaction of $14,595,628.71. Following the purchase, the chief executive officer now directly owns 1,439,593 shares in the company, valued at $227,009,420.17. This trade represents a 6.87 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 1,345,370 shares of company stock valued at $219,805,951 in the last ninety days. 53.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

TKO Group Trading Up 0.8 %

Shares of NYSE:TKO traded up $1.21 during midday trading on Friday, hitting $156.49. The company had a trading volume of 324,351 shares, compared to its average volume of 1,091,082. The firm has a fifty day simple moving average of $149.98 and a 200 day simple moving average of $142.99. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of -372.60 and a beta of 0.90. 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 $94.32 and a 12 month high of $179.09.

TKO Group Announces Dividend

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

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.