BNP Paribas Financial Markets Makes New $10.58 Million Investment in TKO Group Holdings, Inc. (NYSE:TKO)

BNP Paribas Financial Markets acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 74,444 shares of the company's stock, valued at approximately $10,579,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKO. Smartleaf Asset Management LLC grew its holdings in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in TKO Group in the fourth quarter worth $32,000. Game Plan Financial Advisors LLC boosted its holdings in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in TKO Group in the fourth quarter worth $38,000. Finally, UMB Bank n.a. boosted its holdings in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after purchasing an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of TKO traded down $2.64 during trading hours on Wednesday, reaching $161.84. 798,584 shares of the company traded hands, compared to its average volume of 1,108,216. The stock's fifty day moving average is $151.97 and its 200 day moving average is $146.58. The stock has a market cap of $27.70 billion, a P/E ratio of -385.33 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09.

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

TKO Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TKO. Pivotal Research reiterated a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday. Finally, Guggenheim upped their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $164.25.

Insider Buying and Selling

In other TKO Group news, Director Sonya E. Medina purchased 233 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Kraft acquired 20,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $151.78 per share, for a total transaction of $3,035,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company's stock, valued at approximately $3,035,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 23,733 shares of company stock valued at $3,561,318 over the last quarter. Corporate insiders own 61.30% of the company's stock.

TKO Group Company 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.