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

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft bought 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the acquisition, the director now owns 23,500 shares in the company, valued at $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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

TKO Group Stock Performance

Shares of NYSE:TKO traded down $1.82 on Monday, hitting $141.91. The company’s stock had a trading volume of 2,456,437 shares, compared to its average volume of 980,674. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of -337.89 and a beta of 1.08. 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 Holdings, Inc. has a 12 month low of $79.32 and a 12 month high of $179.09. The stock’s 50-day moving average is $153.61 and its two-hundred day moving average is $136.54.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. TKO Group’s dividend payout ratio is presently 7,600.00%.

Hedge Funds Weigh In On TKO Group

Several large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its position in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the subject of several recent research reports. JPMorgan Chase & Co. boosted 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. Pivotal Research reiterated a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Morgan Stanley lifted their target price on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. The Goldman Sachs Group increased their price target on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two 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. According to data from MarketBeat.com, TKO Group 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.