Dakota Wealth Management Buys New Shares in TKO Group Holdings, Inc. (NYSE:TKO)

Dakota Wealth Management bought a new stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,271 shares of the company's stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TKO. Proficio Capital Partners LLC purchased a new position in shares of TKO Group in the 4th quarter valued at approximately $2,948,000. HighTower Advisors LLC grew its stake in shares of TKO Group by 8.7% in the 4th quarter. HighTower Advisors LLC now owns 28,485 shares of the company's stock valued at $4,048,000 after purchasing an additional 2,288 shares during the last quarter. Swiss National Bank grew its stake in shares of TKO Group by 1.1% in the 4th quarter. Swiss National Bank now owns 143,500 shares of the company's stock valued at $20,393,000 after purchasing an additional 1,600 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of TKO Group by 119.5% in the 4th quarter. Natixis Advisors LLC now owns 95,665 shares of the company's stock valued at $13,595,000 after purchasing an additional 52,089 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of TKO Group by 46.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,997 shares of the company's stock valued at $710,000 after purchasing an additional 1,582 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Guggenheim lifted their price target on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Sanford C. Bernstein assumed coverage on TKO Group in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target on the stock. The Goldman Sachs Group lifted their price target on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. lifted their price target on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Three 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. Based on data from MarketBeat, TKO Group has an average rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Transactions at TKO Group

In related news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the business's stock in a transaction dated 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 acquisition, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. The trade was a 61.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter C. B. Bynoe purchased 980 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was bought at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the acquisition, the director owned 2,747 shares of the company's stock, valued at approximately $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 61.30% of the company's stock.

TKO Group Price Performance

TKO traded up $0.36 during trading on Thursday, reaching $169.49. 850,908 shares of the stock were exchanged, compared to its average volume of 1,126,283. TKO Group Holdings, Inc. has a 1 year low of $102.46 and a 1 year high of $182.60. The company has a market capitalization of $33.54 billion, a price-to-earnings ratio of 73.86 and a beta of 0.73. The business's 50 day moving average price is $167.73 and its two-hundred day moving average price is $157.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25.

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

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. TKO Group's dividend payout ratio (DPR) is 77.16%.

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.