Black Swift Group LLC Acquires 7,000 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Black Swift Group LLC grew its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,350 shares of the company’s stock after acquiring an additional 7,000 shares during the period. TKO Group comprises approximately 0.6% of Black Swift Group LLC’s holdings, making the stock its 28th largest position. Black Swift Group LLC’s holdings in TKO Group were worth $3,034,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position 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 worth $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new position in TKO Group in the 4th quarter worth $32,000. First Horizon Advisors Inc. boosted its holdings in TKO Group by 491.5% in the 3rd 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 period. Game Plan Financial Advisors LLC boosted its holdings in TKO Group by 172.2% in the 4th 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 period. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group in the 4th quarter worth approximately $38,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 4.0 %

TKO opened at $152.58 on Thursday. The stock’s fifty day moving average is $153.61 and its two-hundred day moving average is $135.88. The company has a market capitalization of $26.06 billion, a P/E ratio of -363.29 and a beta of 1.06. TKO Group Holdings, Inc. has a 52 week low of $78.93 and a 52 week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Insider Buying and Selling at TKO Group

In related news, major shareholder Patrick Whitesell purchased 156,446 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the acquisition, the insider now owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. The trade was a 6.79 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel bought 117,769 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the purchase, the chief executive officer now directly owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on TKO shares. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group increased their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup upped their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Guggenheim raised their target price on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target 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.