Invesco Ltd. Boosts Stock Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Invesco Ltd. increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 77.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,489 shares of the company’s stock after buying an additional 92,659 shares during the period. Invesco Ltd. owned 0.12% of TKO Group worth $30,197,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of TKO Group by 559.3% during 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the 4th quarter worth about $32,000. Game Plan Financial Advisors LLC boosted its position in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the fourth quarter valued at approximately $38,000. Finally, UMB Bank n.a. increased its position 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 buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Activity

In other news, Director Sonya E. Medina purchased 233 shares of TKO Group stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now owns 2,000 shares in the company, valued at $285,860. This represents a 13.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell acquired 108,476 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $144.13 per share, with a total value of $15,634,645.88. Following the completion of the transaction, the insider now directly owns 915,852 shares of the company’s stock, valued at $132,001,748.76. This trade represents a 13.44 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,795,794 shares of company stock valued at $286,450,289 and have sold 5,833 shares valued at $838,785. Corporate insiders own 53.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TKO. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Morgan Stanley lifted their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. The Goldman Sachs Group upped their price target 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. Benchmark reiterated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Pivotal Research reissued a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $159.36.

TKO Group Stock Performance

Shares of TKO Group stock opened at $149.41 on Friday. The business’s 50 day moving average price is $152.61 and its 200 day moving average price is $142.15. The company has a market cap of $25.57 billion, a price-to-earnings ratio of -355.73 and a beta of 0.90. 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 one year low of $94.32 and a one year high of $179.09.

TKO Group Dividend Announcement

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

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.