TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft Buys 20,000 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Jonathan Kraft acquired 20,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 7th, Jonathan Kraft bought 3,500 shares of TKO Group stock. The stock was acquired at an average price of $140.69 per share, for a total transaction of $492,415.00.

TKO Group Price Performance

Shares of TKO Group stock opened at $141.91 on Tuesday. The firm has a market cap of $24.23 billion, a PE ratio of -337.89 and a beta of 1.08. TKO Group Holdings, Inc. has a 12-month low of $79.32 and a 12-month 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. The company’s fifty day simple moving average is $153.61 and its two-hundred day simple 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. Stockholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio is 7,600.00%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TKO shares. UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research reiterated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently modified their holdings of TKO. Assetmark Inc. boosted its stake in shares of TKO Group by 7.9% during the 3rd quarter. Assetmark Inc. now owns 20,718 shares of the company’s stock valued at $2,563,000 after purchasing an additional 1,513 shares in the last quarter. Covestor Ltd boosted its stake in shares of TKO Group by 53.6% during the 3rd quarter. Covestor Ltd now owns 825 shares of the company’s stock valued at $102,000 after purchasing an additional 288 shares in the last quarter. HTG Investment Advisors Inc. bought a new stake in shares of TKO Group during the 3rd quarter valued at about $225,000. Oppenheimer Asset Management Inc. boosted its stake in shares of TKO Group by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company’s stock valued at $491,000 after purchasing an additional 139 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of TKO Group during the 3rd quarter valued at about $222,000. Institutional investors own 89.79% of the company’s stock.

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.