Aberdeen Group plc Invests $703,000 in TKO Group Holdings, Inc. $TKO

Key Points

• Aberdeen Group plc has acquired a new stake in TKO Group Holdings, Inc., purchasing 4,612 shares valued at approximately $703,000.
• Institutional investors currently represent 89.79% of TKO Group's stock holdings, with several firms including Mirae Asset Global Investments and Friedenthal Financial also making significant investments during the first quarter.
• Analysts have a positive outlook on TKO Group, with multiple firms, including Bank of America and JP Morgan, raising their price targets and maintaining "buy" ratings for the stock.

Aberdeen Group plc acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,612 shares of the company's stock, valued at approximately $703,000.

Several other hedge funds have also recently added to or reduced their stakes in TKO. Vanguard Group Inc. raised its holdings in shares of TKO Group by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock valued at $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Ninety One UK Ltd grew its position in TKO Group by 2.1% during the first quarter. Ninety One UK Ltd now owns 4,238,773 shares of the company's stock valued at $647,727,000 after acquiring an additional 87,165 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 12.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,962,965 shares of the company's stock worth $299,961,000 after acquiring an additional 210,469 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of TKO Group by 57.3% in the 4th 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. Finally, Invesco Ltd. grew its holdings in shares of TKO Group by 569.7% during the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company's stock valued at $217,457,000 after purchasing an additional 1,210,563 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Trading Up 0.8%

NYSE:TKO traded up $1.4070 during mid-day trading on Friday, reaching $185.6470. 774,225 shares of the company's stock traded hands, compared to its average volume of 1,044,316. The company has a 50 day moving average price of $174.08 and a 200-day moving average price of $162.76. The firm has a market capitalization of $36.81 billion, a price-to-earnings ratio of 67.94 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. TKO Group Holdings, Inc. has a 12-month low of $113.16 and a 12-month high of $194.76.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.TKO Group's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.38 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.8%. TKO Group's dividend payout ratio is 62.81%.

Analysts Set New Price Targets

TKO has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $182.00 to $212.00 and gave the stock an "overweight" rating in a research note on Thursday. Sanford C. Bernstein initiated coverage on TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective on the stock. Susquehanna initiated coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective on the stock. Bank of America lifted their price objective on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus target price of $189.69.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 45,168 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the transaction, the director directly owned 156,494 shares in the company, valued at approximately $26,732,305.08. This represents a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider directly owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. This represents a 61.22% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 73,725 shares of company stock worth $12,501,561. 53.80% of the stock is currently owned by corporate insiders.

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.