Credit Agricole S A Buys Shares of 16,610 TKO Group Holdings, Inc. $TKO

Key Points

• Credit Agricole S A has purchased 16,610 shares of TKO Group Holdings, Inc. valued at approximately $2.54 million during the first quarter, marking a significant financial investment in the company.
• TKO Group reported Q2 earnings of $1.17 per share, missing expectations, but achieved a revenue of $1.31 billion, surpassing analyst estimates.
• The company's recent quarterly dividend of $0.38 per share reflects an annualized dividend yield of 0.8%, with a payout ratio of 62.81%.

Credit Agricole S A bought a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,610 shares of the company's stock, valued at approximately $2,538,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TKO. Vanguard Group Inc. grew its holdings in shares of TKO Group by 19.4% during the first 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 during the last quarter. Invesco Ltd. grew its holdings in shares of TKO Group by 569.7% during the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company's stock valued at $217,457,000 after buying an additional 1,210,563 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after buying an additional 611,178 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of TKO Group during the first quarter valued at approximately $71,834,000. Finally, Steadfast Capital Management LP grew its holdings in shares of TKO Group by 146.9% during the fourth quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock valued at $101,010,000 after buying an additional 422,900 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Trading Up 0.8%

Shares of TKO stock opened at $185.6470 on Friday. TKO Group Holdings, Inc. has a 12-month low of $113.16 and a 12-month high of $194.76. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm's 50 day moving average is $174.08 and its 200 day moving average is $162.76. The stock has a market capitalization of $36.81 billion, a P/E ratio of 76.71 and a beta of 0.72.

TKO Group (NYSE:TKO - Get Free Report) last issued 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 return on equity of 2.82% and a net margin of 5.40%.The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. Research analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given 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 (DPR) is presently 62.81%.

Insiders Place Their Bets

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average cost of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the transaction, the insider owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. The trade was a 61.22% 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 45,168 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the completion of the transaction, the director owned 156,494 shares in the company, valued at $26,732,305.08. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,725 shares of company stock worth $12,501,561. Company insiders own 61.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a report on Sunday, August 10th. The Goldman Sachs Group increased their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Roth Capital increased their price target on shares of TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Sanford C. Bernstein assumed coverage on shares of TKO Group in a report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target on the stock. Finally, UBS Group increased their price target on shares of TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One research 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. According to MarketBeat.com, TKO Group presently has an average rating of "Moderate Buy" and an average price target of $189.69.

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.

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