TKO Group Holdings, Inc. $TKO Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 59.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,629 shares of the company’s stock after selling 5,233 shares during the period. Dakota Wealth Management’s holdings in TKO Group were worth $758,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. Norges Bank acquired a new stake in TKO Group during the second quarter worth about $132,441,000. Alliancebernstein L.P. raised its holdings in shares of TKO Group by 551.8% in the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after purchasing an additional 419,021 shares during the period. Invesco Ltd. raised its holdings in shares of TKO Group by 26.9% in the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after purchasing an additional 383,325 shares during the period. Finally, Munro Partners acquired a new position in shares of TKO Group in the 2nd quarter valued at about $65,670,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Seth D. Krauss sold 14,016 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the completion of the sale, the insider directly owned 2,271 shares of the company’s stock, valued at approximately $456,970.62. This trade represents a 86.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Shapiro sold 32,022 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the sale, the insider directly owned 104,842 shares of the company’s stock, valued at approximately $21,396,155.36. The trade was a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 168,802 shares of company stock valued at $34,480,366 over the last ninety days. 53.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Susquehanna reiterated a “positive” rating and set a $251.00 target price on shares of TKO Group in a report on Monday, January 19th. Wall Street Zen cut shares of TKO Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Wolfe Research reiterated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. UBS Group increased their price objective on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley set a $210.00 target price on shares of TKO Group in a research note on Thursday, December 18th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.73.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $189.14 on Monday. The company has a market cap of $36.72 billion, a P/E ratio of 84.06 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $226.94. The business’s 50-day simple moving average is $204.83 and its 200 day simple moving average is $199.71.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, March 16th. TKO Group’s payout ratio is presently 138.67%.

TKO Group Company 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.