Xponance Inc. Sells 1,856 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Xponance Inc. reduced its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 20.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,388 shares of the company's stock after selling 1,856 shares during the quarter. Xponance Inc.'s holdings in TKO Group were worth $1,129,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TKO. US Bancorp DE raised its stake in TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after acquiring an additional 86 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in TKO Group during the fourth quarter worth $2,948,000. HighTower Advisors LLC raised its stake in TKO Group by 8.7% during the fourth quarter. HighTower Advisors LLC now owns 28,485 shares of the company's stock worth $4,048,000 after acquiring an additional 2,288 shares in the last quarter. Swiss National Bank grew its holdings in shares of TKO Group by 1.1% during the fourth quarter. Swiss National Bank now owns 143,500 shares of the company's stock worth $20,393,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of TKO Group by 119.5% during the fourth quarter. Natixis Advisors LLC now owns 95,665 shares of the company's stock worth $13,595,000 after purchasing an additional 52,089 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Down 0.1%

Shares of NYSE TKO traded down $0.23 during mid-day trading on Thursday, reaching $168.90. 351,090 shares of the company's stock were exchanged, compared to its average volume of 1,122,625. The firm has a market capitalization of $33.43 billion, a price-to-earnings ratio of 85.55 and a beta of 0.73. 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 has a fifty day simple moving average of $167.73 and a 200 day simple moving average of $157.72. 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 announced its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned ($1.26) EPS. TKO Group's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, June 13th. TKO Group's dividend payout ratio is presently 77.16%.

Insider Activity at TKO Group

In other news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $176.96, for a total transaction of $1,684,482.24. Following the completion of the transaction, the director directly owned 201,665 shares in the company, valued at approximately $35,686,638.40. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the acquisition, the insider directly owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. This represents a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. 61.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. 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. 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. 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. 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. Finally, Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and an average 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.