Charles Schwab Investment Management Inc. Buys 16,536 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Charles Schwab Investment Management Inc. boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 469,289 shares of the company's stock after purchasing an additional 16,536 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of TKO Group worth $66,691,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its holdings in shares of TKO Group by 20.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,118 shares of the company's stock valued at $159,000 after acquiring an additional 188 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in TKO Group during the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC grew its stake in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the last quarter. US Bancorp DE grew its stake in TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after buying an additional 86 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in TKO Group during the 4th quarter worth approximately $2,948,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insiders Place Their Bets

In other news, Director Jonathan Kraft acquired 3,500 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares in the company, valued at $3,306,215. This represents a 17.50 % 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, CAO Shane Kapral sold 1,034 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company's stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 2,184,350 shares of company stock worth $343,066,252 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on TKO shares. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Guggenheim raised their price target on TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Pivotal Research restated a "buy" rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Morgan Stanley increased their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $157.00.

TKO Group Price Performance

TKO Group stock traded down $1.60 during mid-day trading on Friday, hitting $139.26. 2,482,302 shares of the company were exchanged, compared to its average volume of 991,666. The business's 50 day simple moving average is $153.66 and its two-hundred day simple moving average is $136.98. The company has a market capitalization of $23.84 billion, a P/E ratio of -331.56 and a beta of 1.08. TKO Group Holdings, Inc. has a 12-month low of $79.44 and a 12-month 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's dividend payout ratio is presently 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.