35,021 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,021 shares of the company's stock, valued at approximately $5,352,000.

A number of other institutional investors have also recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC increased its stake in shares of TKO Group by 3.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after acquiring an additional 63 shares during the last quarter. M&T Bank Corp boosted its holdings in TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock worth $389,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. boosted its holdings in TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Bessemer Group Inc. boosted its holdings in TKO Group by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock worth $3,720,000 after purchasing an additional 78 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in TKO Group by 1.1% in the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after purchasing an additional 82 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TKO Group

In related news, Director Peter C. B. Bynoe bought 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the purchase, the director now owns 2,747 shares in the company, valued at approximately $465,863.73. This represents a 55.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $158.46, for a total transaction 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 $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.

TKO Group Stock Performance

Shares of NYSE TKO traded up $3.05 during mid-day trading on Friday, hitting $179.21. The company had a trading volume of 2,282,614 shares, compared to its average volume of 1,126,357. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. The business's 50-day simple moving average is $163.35 and its 200-day simple moving average is $154.73. TKO Group Holdings, Inc. has a 12 month low of $102.46 and a 12 month high of $180.54. The firm has a market cap of $35.47 billion, a P/E ratio of 90.97 and a beta of 0.70.

TKO Group (NYSE:TKO - Get Free Report) last released its earnings results 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. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the company earned ($1.26) earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid 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 payout ratio is presently 77.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Susquehanna assumed coverage on shares of TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Guggenheim upped their price objective on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Sanford C. Bernstein assumed coverage on shares of TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and an average price target of $168.08.

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.