10,515 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Purchased by Rahlfs Capital LLC

Rahlfs Capital LLC bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,515 shares of the company’s stock, valued at approximately $1,494,000. TKO Group accounts for about 1.4% of Rahlfs Capital LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of TKO. M&T Bank Corp increased its holdings in shares of TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after buying an additional 64 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. US Bancorp DE grew its holdings in shares of 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 purchasing an additional 86 shares during the period. Coldstream Capital Management Inc. raised its holdings in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after buying an additional 97 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in TKO Group by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TKO. JPMorgan Chase & Co. raised their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. 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. UBS Group increased their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Guggenheim upped their price target on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer sold 3,265 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total transaction of $469,507.00. Following the completion of the sale, the chief financial officer now owns 9,563 shares of the company’s stock, valued at $1,375,159.40. This represents a 25.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sonya E. Medina bought 233 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. The trade was a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 5,833 shares valued at $838,785. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $139.74 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of -332.71 and a beta of 1.08. TKO Group Holdings, Inc. has a one year low of $91.38 and a one year high of $179.09. The company’s 50-day simple moving average is $155.76 and its 200-day simple moving average is $140.55.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date was 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 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.