Ninety One SA PTY Ltd Purchases 2,330 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Ninety One SA PTY Ltd increased its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,446 shares of the company's stock after buying an additional 2,330 shares during the period. TKO Group accounts for 2.0% of Ninety One SA PTY Ltd's portfolio, making the stock its 14th largest position. Ninety One SA PTY Ltd's holdings in TKO Group were worth $10,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after purchasing an additional 86 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in TKO Group in the 4th quarter valued at $38,000. Steward Partners Investment Advisory LLC increased its holdings 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. boosted its stake in shares of TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock worth $66,691,000 after purchasing an additional 16,536 shares during the period. 89.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TKO Group

In other news, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nick Khan sold 9,519 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $176.96, for a total transaction 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 $35,686,638.40. The trade was a 4.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company's stock.

TKO Group Stock Performance

Shares of NYSE:TKO traded down $0.15 on Wednesday, hitting $172.82. 144,061 shares of the company were exchanged, compared to its average volume of 1,119,468. The company's 50 day moving average price is $167.12 and its two-hundred day moving average price is $156.68. TKO Group Holdings, Inc. has a one year low of $102.46 and a one year high of $182.60. 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 firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 87.72 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly 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. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned ($1.26) earnings per share. The company's revenue for the quarter was up 3.8% 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's payout ratio is 77.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TKO shares. 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. Susquehanna began 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. JPMorgan Chase & Co. increased their price target 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. Sanford C. Bernstein assumed coverage on shares of TKO Group in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $168.08.

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.