TKO Group Holdings, Inc. (NYSE:TKO) Shares Purchased by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd increased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,446 shares of the company's stock after purchasing an additional 2,330 shares during the quarter. TKO Group makes up approximately 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 SEC filing.

Several other institutional investors have also made changes to their positions in TKO. US Bancorp DE increased its position in shares of TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after purchasing an additional 86 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after purchasing an additional 151 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of TKO Group during the fourth quarter worth $38,000. Steward Partners Investment Advisory LLC boosted its holdings in TKO Group by 20.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,118 shares of the company's stock valued at $159,000 after acquiring an additional 188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in TKO Group by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock valued at $66,691,000 after buying an additional 16,536 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the purchase, the insider directly owned 4,158,517 shares of the company's stock, valued at $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter C. B. Bynoe acquired 980 shares of the firm'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 acquisition, the director owned 2,747 shares in the company, 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. 61.30% of the stock is currently owned by company insiders.

TKO Group Stock Down 1.9%

Shares of TKO stock traded down $3.32 during mid-day trading on Friday, hitting $169.57. The company's stock had a trading volume of 115,012 shares, compared to its average volume of 1,343,451. TKO Group Holdings, Inc. has a 52-week low of $102.46 and a 52-week high of $182.60. The business has a 50-day moving average price of $167.49 and a 200 day moving average price of $157.00. 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 stock has a market cap of $33.56 billion, a price-to-earnings ratio of 86.07 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted ($1.26) earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.90%. TKO Group's payout ratio is currently 77.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Guggenheim raised their price target on 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 downgraded TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein assumed coverage on TKO Group in a report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Three investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $168.08.

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.