Bessemer Group Inc. Has $1.30 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Bessemer Group Inc. decreased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 67.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,528 shares of the company's stock after selling 17,646 shares during the period. Bessemer Group Inc.'s holdings in TKO Group were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares in the last quarter. Sentry Investment Management LLC bought a new position in TKO Group in the 1st quarter worth approximately $25,000. Farther Finance Advisors LLC raised its position in TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after purchasing an additional 122 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in TKO Group by 229.7% in 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 last quarter. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Price Performance

Shares of TKO stock opened at $179.21 on Monday. TKO Group Holdings, Inc. has a 12-month low of $102.46 and a 12-month high of $179.39. The firm has a market capitalization of $35.47 billion, a price-to-earnings ratio of 90.97 and a beta of 0.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $163.94 and a 200-day moving average of $155.17.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned ($1.26) EPS. The firm's revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, June 13th. TKO Group's dividend payout ratio (DPR) is 77.16%.

Insider Activity

In related news, Director Nick Khan sold 9,519 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total value of $1,508,380.74. Following the completion of the transaction, the director now directly owns 210,967 shares of the company's stock, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider now owns 4,158,517 shares in the company, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their position. The disclosure for this purchase can be found here. 53.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TKO. Guggenheim boosted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Susquehanna began coverage on shares of TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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