Natixis Advisors LLC Purchases 2,685 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Key Points

• Natixis Advisors LLC increased its stake in TKO Group Holdings by 2.8%, owning a total of 98,350 shares valued at approximately $15 million, as reported in its recent SEC filing.
• Analyst ratings for TKO Group show a consensus of 11 buy ratings and a target price increase, with Guggenheim raising its target from $175 to $190.
• In the latest quarter, TKO Group posted $1.27 billion in revenue, exceeding expectations, and reported $0.69 EPS, up from a loss of $1.26 in the prior year.

Natixis Advisors LLC raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,350 shares of the company's stock after purchasing an additional 2,685 shares during the quarter. Natixis Advisors LLC owned 0.06% of TKO Group worth $15,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TKO. LPL Financial LLC grew its stake in TKO Group by 10.0% in the 4th quarter. LPL Financial LLC now owns 37,518 shares of the company's stock valued at $5,332,000 after purchasing an additional 3,426 shares during the period. Pictet Asset Management Holding SA lifted its holdings in TKO Group by 5.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,604 shares of the company's stock worth $1,365,000 after purchasing an additional 481 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in TKO Group during the 4th quarter worth about $483,000. O Shaughnessy Asset Management LLC lifted its holdings in TKO Group by 11.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,011 shares of the company's stock worth $428,000 after purchasing an additional 307 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of TKO Group by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 22,948 shares of the company's stock valued at $3,261,000 after acquiring an additional 1,207 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

Insider Buying and Selling at TKO Group

In related news, Director Peter C. B. Bynoe acquired 980 shares of the stock in a transaction 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 owned 2,747 shares of the company's stock, valued at $465,863.73. This represents a 55.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider directly 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 disclosure for this purchase can be found here. Over the last 90 days, insiders sold 73,725 shares of company stock worth $12,501,561. 53.80% of the stock is owned by insiders.

TKO Group Stock Up 0.1%

Shares of TKO traded up $0.19 on Monday, reaching $165.80. The stock had a trading volume of 630,460 shares, compared to its average volume of 746,227. The firm has a market capitalization of $32.81 billion, a price-to-earnings ratio of 84.16 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $169.52 and a 200-day simple moving average of $160.31. TKO Group Holdings, Inc. has a 12-month low of $102.46 and a 12-month 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 analysts' consensus estimates of $0.55 by $0.14. The company 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 firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.26) EPS. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.9%. TKO Group's payout ratio is presently 77.16%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TKO shares. Sanford C. Bernstein started coverage on TKO Group in a report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target on the stock. Susquehanna began coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Finally, The Goldman Sachs Group raised their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.33.

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.