Swiss National Bank Has $21.64 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Swiss National Bank trimmed its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,600 shares of the company's stock after selling 1,900 shares during the period. Swiss National Bank owned approximately 0.08% of TKO Group worth $21,638,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in TKO Group by 19.4% during the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock worth $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 2.1% during the first quarter. Ninety One UK Ltd now owns 4,238,773 shares of the company's stock worth $647,727,000 after buying an additional 87,165 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 12.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,962,965 shares of the company's stock worth $299,961,000 after buying an additional 210,469 shares in the last quarter. Ameriprise Financial Inc. grew its stake in TKO Group by 57.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock worth $238,574,000 after buying an additional 611,178 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in TKO Group by 1.9% during the fourth quarter. Epoch Investment Partners Inc. now owns 851,563 shares of the company's stock worth $121,016,000 after buying an additional 16,112 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Up 3.4%

NYSE:TKO opened at $186.14 on Wednesday. The firm's 50 day simple moving average is $170.62 and its 200 day simple moving average is $161.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. TKO Group Holdings, Inc. has a one year low of $113.16 and a one year high of $187.01. The company has a market cap of $36.84 billion, a PE ratio of 76.92 and a beta of 0.72.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a return on equity of 2.82% and a net margin of 5.40%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The firm's quarterly revenue was up 53.7% on a year-over-year basis. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.8%. TKO Group's dividend payout ratio (DPR) is currently 62.81%.

Insider Buying and Selling

In other news, Director Peter C. B. Bynoe purchased 980 shares of the stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the acquisition, the director owned 2,747 shares in the company, valued at $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the acquisition, the insider owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 73,725 shares of company stock worth $12,501,561 in the last ninety days. Company insiders own 53.80% of the company's stock.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Guggenheim raised their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Northcoast Research downgraded shares of TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.