TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by KBC Group NV

KBC Group NV lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,085 shares of the company’s stock after buying an additional 173 shares during the period. KBC Group NV’s holdings in TKO Group were worth $471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position 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 period. Independent Franchise Partners LLP lifted its position in TKO Group by 7.4% in the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock worth $484,473,000 after purchasing an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock worth $249,047,000 after purchasing an additional 47,768 shares during the period. Ameriprise Financial Inc. lifted its position in TKO Group by 57.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after purchasing an additional 611,178 shares during the period. Finally, Geode Capital Management LLC lifted its position in TKO Group by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company’s stock worth $178,777,000 after purchasing an additional 13,181 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Price Performance

Shares of NYSE:TKO opened at $176.60 on Friday. The company’s fifty day moving average is $166.61 and its two-hundred day moving average is $156.15. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29. TKO Group Holdings, Inc. has a 12-month low of $102.46 and a 12-month high of $182.60. The company has a market cap of $34.95 billion, a P/E ratio of 89.64 and a beta of 0.73.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned ($1.26) EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group’s dividend payout ratio (DPR) is currently 77.16%.

Insider Buying and Selling at TKO Group

In other news, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the transaction, the director owned 210,967 shares in the company, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 61.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on TKO Group in a research report on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 target price for the company. Guggenheim upped their target price on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. The Goldman Sachs Group upped their target price on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their target price on TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, Susquehanna initiated coverage on TKO Group in a report on Monday, April 28th. They issued a “positive” rating and a $180.00 price target on the stock. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $168.08.

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.