TKO Group Holdings, Inc. $TKO Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 633,495 shares of the company’s stock after selling 23,092 shares during the period. TD Asset Management Inc’s holdings in TKO Group were worth $132,400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of TKO Group by 0.8% during the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after buying an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares during the period. Geode Capital Management LLC lifted its stake in shares of TKO Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock valued at $387,072,000 after buying an additional 49,486 shares during the period. Finally, UBS Group AG increased its position in TKO Group by 31.7% during the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after purchasing an additional 307,000 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TKO shares. TD Cowen upped their price target on shares of TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Pivotal Research increased their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Citizens Jmp began coverage on shares of TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $233.73.

Insider Buying and Selling at TKO Group

In related news, CFO Shane Kapral sold 254 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the sale, the chief financial officer directly owned 99 shares of the company’s stock, valued at approximately $19,715.85. This trade represents a 71.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the sale, the director directly owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. The trade was a 9.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 24,308 shares of company stock worth $4,499,679 and sold 19,290 shares worth $3,711,017. Company insiders own 64.30% of the company’s stock.

TKO Group Price Performance

TKO opened at $202.69 on Friday. The company has a fifty day simple moving average of $192.50 and a 200 day simple moving average of $199.89. The firm has a market cap of $39.35 billion, a price-to-earnings ratio of 75.63 and a beta of 0.59. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Equities research analysts expect that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is 116.42%.

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.