TKO Group Holdings, Inc. $TKO Position Increased by US Bancorp DE

US Bancorp DE increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754 shares of the company’s stock after buying an additional 189 shares during the quarter. US Bancorp DE’s holdings in TKO Group were worth $115,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TKO. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TKO Group in the first quarter worth $1,163,000. Friedenthal Financial acquired a new stake in TKO Group in the first quarter worth about $895,000. Sumitomo Mitsui Trust Group Inc. bought a new position in TKO Group in the 1st quarter valued at about $464,000. Moore Capital Management LP increased its stake in TKO Group by 1,625.0% during the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock valued at $59,443,000 after buying an additional 394,038 shares during the period. Finally, Ninety One SA PTY Ltd raised its position in shares of TKO Group by 3.4% during the 1st quarter. Ninety One SA PTY Ltd now owns 71,446 shares of the company’s stock worth $10,902,000 after buying an additional 2,330 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Down 1.1%

Shares of TKO stock opened at $188.81 on Monday. The firm has a market capitalization of $37.37 billion, a P/E ratio of 78.02 and a beta of 0.72. TKO Group Holdings, Inc. has a 1 year low of $113.16 and a 1 year high of $194.76. The firm’s fifty day simple moving average is $172.03 and its 200 day simple moving average is $161.86. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. As a group, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group’s dividend payout ratio (DPR) is currently 62.81%.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the acquisition, the insider owned 4,158,517 shares of the company’s stock, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total value of $1,593,099.84. Following the transaction, the director directly owned 146,975 shares in the company, valued at $24,597,736. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,725 shares of company stock valued at $12,501,561. 61.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on TKO shares. Sanford C. Bernstein began coverage on shares of TKO Group in a research report on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 price target on the stock. Northcoast Research lowered TKO Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They set a “positive” rating and a $180.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.38.

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.