TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in TKO Group Holdings, Inc. (NYSE:TKO) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,146 shares of the company’s stock after selling 935 shares during the quarter. Gabelli Funds LLC’s holdings in TKO Group were worth $10,111,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 151 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group in the 4th quarter worth $32,000. Game Plan Financial Advisors LLC raised its holdings in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the 4th quarter valued at about $38,000. Finally, UMB Bank n.a. grew its holdings in shares of TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after purchasing an additional 115 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TKO has been the subject of several analyst reports. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Guggenheim raised their price objective on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group upped their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Two research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.36.

TKO Group Stock Down 0.9 %

Shares of NYSE TKO opened at $148.30 on Thursday. The stock has a market cap of $25.38 billion, a P/E ratio of -353.10 and a beta of 0.90. The business’s fifty day simple moving average is $153.09 and its 200-day simple moving average is $141.98. TKO Group Holdings, Inc. has a 12-month low of $94.32 and a 12-month high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insider Activity

In other TKO Group news, CFO Andrew M. Schleimer sold 3,265 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $469,507.00. Following the sale, the chief financial officer now directly owns 9,563 shares of the company’s stock, valued at approximately $1,375,159.40. This represents a 25.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ariel Emanuel acquired 115,952 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average cost of $143.85 per share, with a total value of $16,679,695.20. Following the completion of the transaction, the chief executive officer now owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. The trade was a 12.66 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,921,383 shares of company stock worth $304,417,051 and sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company’s stock.

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.