TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Xn LP

Xn LP lowered its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,628,224 shares of the company's stock after selling 204,778 shares during the period. TKO Group makes up 14.8% of Xn LP's holdings, making the stock its 2nd biggest holding. Xn LP owned 1.54% of TKO Group worth $373,497,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TKO. Assenagon Asset Management S.A. bought a new position in shares of TKO Group in the fourth quarter worth $3,383,000. Brooklyn Investment Group increased its position in shares of TKO Group by 213.0% in the fourth quarter. Brooklyn Investment Group now owns 360 shares of the company's stock worth $51,000 after purchasing an additional 245 shares during the period. Annex Advisory Services LLC grew its position in TKO Group by 20.5% in the fourth quarter. Annex Advisory Services LLC now owns 282,394 shares of the company's stock valued at $40,131,000 after acquiring an additional 47,996 shares during the last quarter. UMB Bank n.a. grew its position in TKO Group by 72.8% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after acquiring an additional 115 shares during the last quarter. Finally, BigSur Wealth Management LLC bought a new position in TKO Group in the fourth quarter valued at about $320,000. Institutional investors own 89.79% of the company's stock.

Insider Buying and Selling

In related news, Director Jonathan Kraft acquired 3,500 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the purchase, the director now directly owns 23,500 shares in the company, valued at $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares of the company's stock, valued at $285,860. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 23,733 shares of company stock valued at $3,561,318 over the last ninety days. 61.30% of the stock is owned by company insiders.

TKO Group Stock Performance

Shares of TKO stock opened at $163.96 on Tuesday. The business's 50-day moving average price is $153.43 and its 200-day moving average price is $148.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of -390.38 and a beta of 0.73. TKO Group Holdings, Inc. has a 12 month low of $100.76 and a 12 month high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.26) earnings per share. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio is currently 77.16%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley lifted their target price on TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. The Goldman Sachs Group lifted their target price on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Susquehanna assumed coverage on TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 target price on the stock. Guggenheim lifted their target price on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TKO Group has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

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.

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