Deutsche Bank AG Raises Stock Position in TKO Group Holdings, Inc. (NYSE:TKO)

Deutsche Bank AG boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1,425.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,237 shares of the company's stock after purchasing an additional 95,537 shares during the period. Deutsche Bank AG owned about 0.06% of TKO Group worth $14,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TKO. Charles Schwab Investment Management Inc. lifted its position in shares of TKO Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after acquiring an additional 16,536 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock worth $2,836,000 after buying an additional 3,572 shares in the last quarter. Twin Tree Management LP lifted its holdings in shares of TKO Group by 147.0% in the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after buying an additional 73,617 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company's stock worth $1,848,000 after buying an additional 4,836 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of TKO Group in the fourth quarter worth $431,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jonathan Kraft bought 20,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $151.78 per share, with a total value of $3,035,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sonya E. Medina acquired 233 shares of the company's stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. The trade was a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 23,733 shares of company stock worth $3,561,318. 61.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on TKO shares. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Guggenheim boosted their target price on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Pivotal Research reiterated a "buy" rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 price target on the stock. Finally, Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.25.

TKO Group Trading Up 0.3%

TKO stock traded up $0.48 during trading on Monday, hitting $163.96. The company had a trading volume of 732,342 shares, compared to its average volume of 1,108,511. The firm has a market capitalization of $28.07 billion, a P/E ratio of -390.38 and a beta of 0.73. TKO Group Holdings, Inc. has a 52-week low of $100.76 and a 52-week high of $179.09. The company has a 50 day simple moving average of $153.10 and a 200-day simple moving average of $147.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) 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. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted ($1.26) EPS. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is 77.16%.

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.