Envestnet Asset Management Inc. Boosts Holdings in TKO Group Holdings, Inc. $TKO

Envestnet Asset Management Inc. lifted its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 38.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 179,157 shares of the company’s stock after acquiring an additional 49,380 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of TKO Group worth $36,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi lifted its stake in TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after purchasing an additional 1,050 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after acquiring an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TKO Group by 4,722.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after acquiring an additional 8,595 shares during the period. United Services Automobile Association bought a new position in TKO Group during the 1st quarter worth approximately $218,000. Finally, Geneos Wealth Management Inc. grew its position in TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $210.43 on Thursday. The company has a 50-day simple moving average of $206.55 and a two-hundred day simple moving average of $194.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $41.05 billion, a PE ratio of 80.63 and a beta of 0.65. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $218.11.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio (DPR) is currently 119.54%.

Analyst Ratings Changes

TKO has been the subject of a number of recent analyst reports. BTIG Research upped their price target on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. TD Cowen reaffirmed a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Wolfe Research reissued an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a research note on Monday, December 15th. Pivotal Research upped their price target on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Arete Research upgraded TKO Group to a “hold” rating in a report on Wednesday, October 15th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $227.73.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the transaction, the director owned 122,868 shares in the company, valued at approximately $25,066,300.68. The trade was a 23.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 shares of TKO Group stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $2,419,316.44. Following the completion of the transaction, the chief financial officer directly owned 27,544 shares of the company’s stock, valued at approximately $5,563,337.12. This represents a 30.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 168,478 shares of company stock worth $34,150,456 in the last 90 days. Corporate insiders own 61.30% of the company’s stock.

TKO Group Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.