TKO Group Holdings, Inc. $TKO Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,096 shares of the company’s stock after selling 516 shares during the quarter. Aberdeen Group plc’s holdings in TKO Group were worth $745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock valued at $33,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of TKO Group by 30.4% in the 1st quarter. GAMMA Investing LLC now owns 1,774 shares of the company’s stock worth $271,000 after acquiring an additional 414 shares during the period. Fifth Third Bancorp grew its holdings in shares of TKO Group by 22.5% in the 1st quarter. Fifth Third Bancorp now owns 659 shares of the company’s stock worth $101,000 after acquiring an additional 121 shares during the period. Exchange Traded Concepts LLC increased its stake in TKO Group by 5.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,842 shares of the company’s stock valued at $1,046,000 after purchasing an additional 364 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in TKO Group by 19.9% during the first quarter. Janney Montgomery Scott LLC now owns 11,637 shares of the company’s stock worth $1,778,000 after purchasing an additional 1,929 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $197.82, for a total transaction of $1,883,048.58. Following the transaction, the director owned 128,023 shares of the company’s stock, valued at $25,325,509.86. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter C. B. Bynoe purchased 740 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was bought at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the acquisition, the director owned 5,187 shares in the company, valued at $1,052,961. The trade was a 16.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 73,725 shares of company stock worth $12,966,373 over the last three months. Corporate insiders own 61.30% of the company’s stock.

TKO Group Price Performance

TKO stock opened at $188.98 on Friday. The stock has a market capitalization of $37.47 billion, a price-to-earnings ratio of 78.09 and a beta of 0.76. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. TKO Group Holdings, Inc. has a 52-week low of $114.01 and a 52-week high of $212.49. The stock’s fifty day simple moving average is $193.02 and its 200-day simple moving average is $173.42.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 53.7% compared to the same quarter last year. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group announced that its board has initiated a share buyback plan on Monday, September 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, September 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s payout ratio is currently 125.62%.

Analyst Ratings Changes

A number of analysts have commented on TKO shares. Baird R W upgraded TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Sanford C. Bernstein increased their price objective on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. BTIG Research initiated coverage on shares of TKO Group in a research report on Monday, October 6th. They set a “buy” rating and a $235.00 target price for the company. Finally, UBS Group upped their price target on shares of TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $210.21.

TKO Group Profile

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.