Prudential Financial Inc. Has $914,000 Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Prudential Financial Inc. cut its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,430 shares of the company’s stock after selling 390 shares during the period. Prudential Financial Inc.’s holdings in TKO Group were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TKO. Vanguard Group Inc. raised its stake in shares of TKO Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after buying an additional 114,096 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after purchasing an additional 163,980 shares during the period. State Street Corp lifted its stake in shares of TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after purchasing an additional 192,602 shares during the period. Principal Financial Group Inc. boosted its position in shares of TKO Group by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after purchasing an additional 13,148 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of TKO Group by 7.4% during the third quarter. Geode Capital Management LLC now owns 1,241,918 shares of the company’s stock worth $153,931,000 after purchasing an additional 85,160 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Morgan Stanley boosted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Citigroup increased their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Performance

Shares of TKO Group stock opened at $140.91 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of -335.50 and a beta of 0.90. The stock’s 50-day moving average is $155.50 and its 200-day moving average is $140.93. TKO Group Holdings, Inc. has a one year low of $93.50 and a one year high of $179.09.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is currently 7,600.00%.

Insider Transactions at TKO Group

In related news, Director Sonya E. Medina bought 233 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell purchased 125,589 shares of TKO Group stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the completion of the transaction, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. The trade was a 18.42 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $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.