Banco Bilbao Vizcaya Argentaria S.A. Takes Position in TKO Group Holdings, Inc. $TKO

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has invested approximately $219,000 by acquiring 1,431 shares of TKO Group Holdings, Inc. during the 1st quarter.
• Insider trading activity included major shareholder Lake West Voteco L.L.C acquiring over 1.5 million shares, increasing their position by 61.22%.
• Several analysts have raised their price targets for TKO Group, with Citigroup setting a new target of $225.00 and Goldman Sachs at $188.00, maintaining a consensus rating of "Moderate Buy."

Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,431 shares of the company's stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TKO. Vanguard Group Inc. boosted 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 worth $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Invesco Ltd. boosted 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 worth $217,457,000 after buying an additional 1,210,563 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of TKO Group by 57.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock worth $238,574,000 after buying an additional 611,178 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of TKO Group during the 1st quarter worth approximately $71,834,000. Finally, Steadfast Capital Management LP boosted its holdings in shares of TKO Group by 146.9% during the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock worth $101,010,000 after buying an additional 422,900 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 2.4%

NYSE:TKO traded up $4.49 during trading hours on Thursday, hitting $190.14. 801,631 shares of the company traded hands, compared to its average volume of 1,261,804. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm's 50-day simple moving average is $174.94 and its 200-day simple moving average is $163.20. TKO Group Holdings, Inc. has a one year low of $113.16 and a one year high of $194.76. The company has a market cap of $37.70 billion, a PE ratio of 78.57 and a beta of 0.72.

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

TKO Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TKO shares. The Goldman Sachs Group increased their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a report on Sunday, August 10th. UBS Group increased their target price on TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Bank of America increased their target price on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Finally, Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $189.69.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,519 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total value of $1,593,099.84. Following the sale, the director directly owned 146,975 shares in the company, valued at approximately $24,597,736. The trade was a 6.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the purchase, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. This trade represents a 61.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 73,725 shares of company stock worth $12,501,561. Company insiders own 61.30% of the company's stock.

TKO Group 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.