Greenleaf Trust Acquires New Position in TKO Group Holdings, Inc. (NYSE:TKO)

Greenleaf Trust purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,516 shares of the company's stock, valued at approximately $232,000.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in TKO Group in the fourth quarter valued at approximately $104,613,000. Ameriprise Financial Inc. grew its stake in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after acquiring an additional 611,178 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in TKO Group in the 1st quarter worth $71,834,000. Steadfast Capital Management LP raised its position in TKO Group by 146.9% during the fourth quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock worth $101,010,000 after acquiring an additional 422,900 shares during the period. Finally, Moore Capital Management LP lifted its holdings in TKO Group by 1,625.0% during the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock valued at $59,443,000 after purchasing an additional 394,038 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $176.96, for a total value of $1,684,482.24. Following the completion of the sale, the director directly owned 201,665 shares of the company's stock, valued at approximately $35,686,638.40. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the business's 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 acquisition, the insider directly owned 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. Insiders own 61.30% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Guggenheim upped their price target 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. Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday. 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 raised their price objective on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Susquehanna began coverage on shares of TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and a consensus target price of $168.08.

TKO Group Trading Up 1.3%

TKO traded up $2.28 during trading hours on Monday, reaching $174.28. The company's stock had a trading volume of 756,172 shares, compared to its average volume of 1,343,749. The stock has a market cap of $34.49 billion, a PE ratio of 88.47 and a beta of 0.73. TKO Group Holdings, Inc. has a fifty-two week low of $102.46 and a fifty-two week high of $182.60. 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 moving average is $167.59 and its 200-day moving average is $157.35.

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. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The company's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.26) EPS. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal 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 paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's dividend payout ratio (DPR) is 77.16%.

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.