Tower Research Capital LLC TRC Increases Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Tower Research Capital LLC TRC lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 63.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,668 shares of the company's stock after purchasing an additional 1,811 shares during the quarter. Tower Research Capital LLC TRC's holdings in TKO Group were worth $663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after buying an additional 114,096 shares in the last quarter. Ninety One UK Ltd boosted its stake in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock worth $589,985,000 after acquiring an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in TKO Group by 7.4% in the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after buying an additional 235,420 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock worth $249,047,000 after buying an additional 47,768 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of TKO Group by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock valued at $178,777,000 after purchasing an additional 13,181 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TKO shares. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Susquehanna assumed coverage on shares of TKO Group in a report on Monday. They set a "positive" rating and a $180.00 price objective for the company. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Morgan Stanley boosted their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Finally, Guggenheim restated a "buy" rating and set a $175.00 target price on shares of TKO Group in a research report on Wednesday, April 23rd. Two research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.08.

Insider Activity

In other news, CEO Ariel Emanuel bought 76,587 shares of TKO Group stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $157.13 per share, with a total value of $12,034,115.31. Following the completion of the acquisition, the chief executive officer now owns 1,857,116 shares of the company's stock, valued at $291,808,637.08. This trade represents a 4.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell bought 80,758 shares of TKO Group stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $156.79 per share, for a total transaction of $12,662,046.82. Following the completion of the acquisition, the insider now directly owns 1,686,368 shares of the company's stock, valued at approximately $264,405,638.72. The trade was a 5.03 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 997,560 shares of company stock worth $165,425,018 over the last ninety days. Corporate insiders own 53.80% of the company's stock.

TKO Group Price Performance

Shares of TKO Group stock traded up $0.50 during trading hours on Thursday, hitting $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 business has a 50 day moving average price of $149.65 and a two-hundred day moving average price of $143.93. TKO Group Holdings, Inc. has a 12-month low of $94.72 and a 12-month high of $179.09. The company has a market cap of $27.97 billion, a PE ratio of -389.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 0.93%. TKO Group's payout ratio is 7,600.00%.

TKO Group Company 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.