TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management recently reduced its holdings in TKO Group Holdings by 14.7%, now holding shares valued at approximately $6.35 million.
• Institutional investors and hedge funds collectively own 89.79% of TKO Group stock, with notable recent increases in positions from firms like Cerity Partners LLC and Invesco Ltd..
• TKO Group reported a quarterly net revenue of $1.31 billion, exceeding analyst estimates, despite earnings per share missing forecasts.

Tokio Marine Asset Management Co. Ltd. lowered its position in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,535 shares of the company's stock after selling 7,166 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in TKO Group were worth $6,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TKO. Vanguard Group Inc. lifted its stake in TKO Group by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock valued at $1,218,951,000 after buying an additional 1,295,817 shares in the last quarter. Invesco Ltd. lifted its stake in TKO Group by 569.7% in the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company's stock valued at $217,457,000 after buying an additional 1,210,563 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock valued at $238,574,000 after buying an additional 611,178 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in TKO Group in the 1st quarter valued at approximately $71,834,000. Finally, Steadfast Capital Management LP lifted its stake in TKO Group by 146.9% in the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company's stock valued at $101,010,000 after buying an additional 422,900 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Transactions at TKO Group

In related news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $158.32 per share, for a total transaction 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. This trade represents a 61.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter C. B. Bynoe purchased 980 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average price of $169.59 per share, with a total value of $166,198.20. Following the completion of the acquisition, the director owned 2,747 shares in the company, valued at $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 73,725 shares of company stock worth $12,501,561 in the last ninety days. Insiders own 61.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Northcoast Research lowered TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Morgan Stanley reissued an "outperform" rating on shares of TKO Group in a research note on Sunday. UBS Group increased their price target on TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Roth Capital set a $210.00 price target on TKO Group and gave the stock a "buy" rating in a research note on Tuesday. Finally, Guggenheim increased their price target on TKO Group from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $183.15.

TKO Group Trading Up 0.0%

Shares of TKO stock traded up $0.02 on Thursday, reaching $191.30. 1,159,864 shares of the stock were exchanged, compared to its average volume of 1,053,898. The stock has a market cap of $37.86 billion, a P/E ratio of 79.05 and a beta of 0.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $171.58 and a two-hundred day moving average of $161.58. TKO Group Holdings, Inc. has a 1-year low of $113.16 and a 1-year high of $194.76.

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

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 13th. TKO Group's dividend payout ratio is presently 62.81%.

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.