TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft Purchases 3,500 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft bought 3,500 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. This represents a 17.50 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jonathan Kraft also recently made the following trade(s):

• On Monday, March 3rd, Jonathan Kraft bought 20,000 shares of TKO Group stock. The shares were bought at an average price of $151.78 per share, for a total transaction of $3,035,600.00.

TKO Group Trading Down 1.3 %

Shares of NYSE TKO opened at $141.91 on Tuesday. The business’s 50 day moving average is $153.61 and its two-hundred day moving average is $136.54. 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 Holdings, Inc. has a 1-year low of $79.32 and a 1-year high of $179.09. The stock has a market capitalization of $24.23 billion, a P/E ratio of -337.89 and a beta of 1.08.

TKO Group Dividend Announcement

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. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.07%. TKO Group’s payout ratio is currently 7,600.00%.

Institutional Investors Weigh In On TKO Group

Several large investors have recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC increased its stake in TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after acquiring an additional 63 shares during the last quarter. M&T Bank Corp increased its stake in TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. increased its stake in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the last quarter. Bessemer Group Inc. increased its stake in TKO Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock worth $3,720,000 after acquiring an additional 78 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company’s stock valued at $80,000 after buying an additional 86 shares during the period. 89.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TKO. Guggenheim raised their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Citigroup raised their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.