XTX Topco Ltd Takes $469,000 Position in TKO Group Holdings, Inc. (NYSE:TKO)

XTX Topco Ltd acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,303 shares of the company's stock, valued at approximately $469,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in TKO Group in the 4th quarter worth approximately $104,613,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of TKO Group during the fourth quarter valued at $54,778,000. Alliancebernstein L.P. boosted its position in TKO Group by 277.4% during the fourth quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock valued at $48,839,000 after purchasing an additional 252,613 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in TKO Group during the fourth quarter valued at approximately $33,922,000. Finally, Independent Franchise Partners LLP grew its stake in TKO Group by 7.4% during the 4th 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. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research reports. Benchmark reissued a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Morgan Stanley boosted their price target 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. Pivotal Research restated a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, UBS Group lifted their price target on shares of TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $159.36.

TKO Group Stock Down 0.3 %

Shares of TKO traded down $0.43 during mid-day trading on Friday, hitting $154.85. 104,099 shares of the company's stock were exchanged, compared to its average volume of 1,090,203. TKO Group Holdings, Inc. has a twelve month low of $94.32 and a twelve month high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $149.98 and a two-hundred day moving average of $142.99. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of -368.69 and a beta of 0.90.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's payout ratio is presently 7,600.00%.

Insider Transactions at TKO Group

In other TKO Group news, Director Jonathan Kraft purchased 3,500 shares of the stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares of the company's stock, valued at $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sonya E. Medina bought 233 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $285,860. This represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,345,370 shares of company stock valued at $219,805,951. Corporate insiders own 53.80% of the company's stock.

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.