Mirae Asset Global Investments Co. Ltd. Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,772 shares of the company's stock, valued at approximately $1,163,000.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of TKO Group by 18.0% in the 4th quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after buying an additional 86 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after buying an additional 151 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of TKO Group in the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC lifted its position in shares of TKO Group by 20.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,118 shares of the company's stock worth $159,000 after buying an additional 188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock worth $66,691,000 after buying an additional 16,536 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of the firm's stock in a transaction dated 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 directly owned 210,967 shares in the company, valued at $33,429,830.82. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter C. B. Bynoe bought 980 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was purchased at an average price 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. This trade represents a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 61.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TKO shares. The Goldman Sachs Group raised their price target on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Susquehanna started coverage on shares of TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective on the stock. Sanford C. Bernstein started coverage on shares of TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Guggenheim increased 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. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $168.08.

TKO Group Price Performance

TKO Group stock traded down $0.86 during trading hours on Friday, hitting $176.60. 405,893 shares of the company traded hands, compared to its average volume of 1,124,997. The firm has a market cap of $34.95 billion, a P/E ratio of 89.64 and a beta of 0.73. 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's 50-day simple moving average is $166.61 and its two-hundred day simple moving average is $156.15. TKO Group Holdings, Inc. has a 1-year low of $102.46 and a 1-year high of $182.60.

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

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.86%. TKO Group's dividend payout ratio is currently 77.16%.

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.