Ensign Peak Advisors Inc Purchases 3,160 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Ensign Peak Advisors Inc boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,710 shares of the company's stock after purchasing an additional 3,160 shares during the period. Ensign Peak Advisors Inc's holdings in TKO Group were worth $3,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TKO. Vanguard Group Inc. raised 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 worth $949,449,000 after purchasing an additional 114,096 shares during the period. Ninety One UK Ltd lifted its stake in 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 purchasing an additional 163,980 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in shares of TKO Group by 7.4% during the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock worth $484,473,000 after acquiring an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock worth $249,047,000 after buying an additional 47,768 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TKO Group by 57.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after purchasing an additional 611,178 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Insiders Place Their Bets

In other news, Director Jonathan Kraft bought 3,500 shares of the firm's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the purchase, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sonya E. Medina bought 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19% 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 three months. Insiders own 61.30% of the company's stock.

TKO Group Stock Up 0.2%

TKO stock traded up $0.28 during mid-day trading on Monday, reaching $163.76. 352,564 shares of the company traded hands, compared to its average volume of 1,107,065. TKO Group Holdings, Inc. has a fifty-two week low of $100.76 and a fifty-two week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market cap of $28.03 billion, a price-to-earnings ratio of -389.90 and a beta of 0.73. The firm's 50 day moving average price is $153.10 and its 200 day moving average price is $147.75.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates 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 revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.26) earnings per share. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

Wall Street Analyst Weigh In

TKO has been the topic of a number of recent research reports. Pivotal Research restated a "buy" rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Guggenheim increased their price objective on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Seaport Res Ptn raised TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group lifted their target price on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

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.