Pictet Asset Management Holding SA Has $1.37 Million Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Pictet Asset Management Holding SA raised its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,604 shares of the company’s stock after purchasing an additional 481 shares during the quarter. Pictet Asset Management Holding SA’s holdings in TKO Group were worth $1,365,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in shares of TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after buying an additional 64 shares during the period. Blue Trust Inc. boosted its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. US Bancorp DE grew its holdings in TKO Group by 18.0% during the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after acquiring an additional 86 shares during the period. Coldstream Capital Management Inc. raised its position in shares of TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after acquiring an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of TKO Group by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $2,629,000 after purchasing an additional 100 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $139.74 on Friday. TKO Group Holdings, Inc. has a 52 week low of $93.50 and a 52 week high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $155.76 and a two-hundred day moving average price of $140.68. The firm has a market capitalization of $23.92 billion, a P/E ratio of -332.71 and a beta of 1.08.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 1.09%. The ex-dividend date was Friday, March 14th. TKO Group’s payout ratio is currently 7,600.00%.

Wall Street Analysts Forecast Growth

TKO has been the subject of several recent analyst reports. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group boosted 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. Guggenheim raised their price target on shares of TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.00.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 3,265 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $469,507.00. Following the completion of 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 accessible through the SEC website. Also, CEO Ariel Emanuel bought 115,952 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $143.85 per share, for a total transaction of $16,679,695.20. Following the transaction, the chief executive officer now owns 1,031,804 shares in the company, valued at approximately $148,425,005.40. This represents a 12.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. Company insiders own 53.80% of the company’s stock.

TKO Group Company 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.