Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,572 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TKO Group Holdings, Inc. (NYSE:TKO) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,953 shares of the company’s stock after acquiring an additional 3,572 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TKO Group were worth $2,836,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. grew its stake in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the last quarter. Game Plan Financial Advisors LLC grew its stake in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of TKO Group during the fourth quarter worth $38,000. 89.79% of the stock is owned by institutional investors.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the transaction, the insider now directly owns 418,587 shares of the company’s stock, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,184,350 shares of company stock valued at $343,066,252 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of research reports. Pivotal Research reaffirmed a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Guggenheim boosted their target price on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, UBS Group boosted their target price 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 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Performance

Shares of TKO opened at $139.26 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $23.84 billion, a P/E ratio of -331.56 and a beta of 1.08. The firm’s fifty day simple moving average is $153.66 and its two-hundred day simple moving average is $137.11. TKO Group Holdings, Inc. has a 12 month low of $79.65 and a 12 month high of $179.09.

TKO Group Announces Dividend

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