TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund decreased its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 57.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,700 shares of the company's stock after selling 7,852 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in TKO Group were worth $871,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. First Horizon Advisors Inc. lifted its stake in shares of TKO Group by 68.7% in the first quarter. First Horizon Advisors Inc. now owns 469 shares of the company's stock worth $72,000 after acquiring an additional 191 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in TKO Group by 15.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,491 shares of the company's stock worth $1,603,000 after buying an additional 1,415 shares during the last quarter. KBC Group NV lifted its holdings in TKO Group by 5.9% during the 1st quarter. KBC Group NV now owns 3,085 shares of the company's stock worth $471,000 after buying an additional 173 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in TKO Group during the 1st quarter worth approximately $464,000. Finally, Highland Capital Management LLC bought a new position in TKO Group during the 1st quarter worth approximately $4,263,000. Institutional investors and hedge funds own 89.79% of the company's stock.

TKO Group Stock Down 0.5%

Shares of TKO Group stock opened at $176.60 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.29. The business's 50 day simple moving average is $166.61 and its 200-day simple moving average is $156.33. The stock has a market capitalization of $34.95 billion, a price-to-earnings ratio of 89.64 and a beta of 0.73. TKO Group Holdings, Inc. has a twelve month low of $102.46 and a twelve month high of $182.60.

TKO Group (NYSE:TKO - Get Free Report) last posted 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. 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 for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the firm earned ($1.26) EPS. The firm's revenue was up 3.8% compared to the same quarter last year. Equities research analysts forecast 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 $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, June 13th. TKO Group's dividend payout ratio is currently 77.16%.

Analysts Set New Price Targets

A number of research analysts have commented on TKO shares. Guggenheim increased their target price on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on 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 started coverage on TKO Group in a report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price on the stock. The Goldman Sachs Group increased their target price on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $168.08.

Insider Activity at TKO Group

In other TKO Group news, Director Peter C. B. Bynoe bought 980 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the transaction, the director directly owned 2,747 shares in the company, valued at $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the transaction, the insider owned 4,158,517 shares in the company, valued at $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. 53.80% of the stock is owned by insiders.

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.

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