TKO Group Holdings, Inc. (NYSE:TKO) Shares Bought by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,632 shares of the company's stock after purchasing an additional 42,238 shares during the period. TKO Group makes up 1.4% of Annex Advisory Services LLC's holdings, making the stock its 20th biggest holding. Annex Advisory Services LLC owned 0.19% of TKO Group worth $49,607,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC acquired a new position in TKO Group in the first quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of TKO Group by 229.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock worth $37,000 after purchasing an additional 170 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in TKO Group in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Stock Down 1.7%

TKO Group stock traded down $2.83 during trading on Friday, reaching $166.09. The stock had a trading volume of 789,421 shares, compared to its average volume of 1,113,022. 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 Holdings, Inc. has a 52-week low of $100.76 and a 52-week high of $179.09. The stock has a market cap of $32.87 billion, a PE ratio of -395.45 and a beta of 0.70. The business has a 50 day moving average price of $156.37 and a 200 day moving average price of $151.36.

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 analysts' consensus estimates of $0.55 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company's revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned ($1.26) EPS. On average, analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.92%. TKO Group's dividend payout ratio is currently 77.16%.

Insiders Place Their Bets

In other news, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the transaction, the insider now owns 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $158.46, for a total value of $1,508,380.74. Following the sale, the director now owns 210,967 shares of the company's stock, valued at $33,429,830.82. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 61.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley raised their target price on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 target price for the company. Finally, Sanford C. Bernstein began coverage on shares of TKO Group in a research note on Wednesday. They set an "outperform" rating and a $190.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and a consensus price target of $168.08.

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.