TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,710 shares of the company’s stock after acquiring an additional 3,160 shares during the quarter. Ensign Peak Advisors Inc’s holdings in TKO Group were worth $3,796,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings 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 valued at $949,449,000 after acquiring an additional 114,096 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after acquiring an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in shares of TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock valued at $484,473,000 after acquiring an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TKO Group by 2.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock valued at $249,047,000 after acquiring an additional 47,768 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock valued at $238,574,000 after acquiring an additional 611,178 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In other TKO Group news, Director Jonathan Kraft bought 20,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $151.78 per share, for a total transaction of $3,035,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $3,035,600. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 23,733 shares of company stock worth $3,561,318. Corporate insiders own 61.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TKO shares. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Pivotal Research reiterated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group upped their target price on TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research report on Monday. Finally, Guggenheim upped their target price on TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $164.25.

TKO Group Trading Down 1.6%

TKO Group stock opened at $161.84 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09. The stock’s 50 day simple moving average is $152.34 and its two-hundred day simple moving average is $146.68. The firm has a market cap of $27.70 billion, a PE ratio of -385.33 and a beta of 0.73.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted ($1.26) EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.94%. TKO Group’s dividend payout ratio is presently 77.16%.

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.