8,851 Shares in TKO Group Holdings, Inc. (NYSE:TKO) Acquired by Toronto Dominion Bank

Toronto Dominion Bank acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,851 shares of the company's stock, valued at approximately $1,258,000.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group during the 4th quarter valued at approximately $32,000. Game Plan Financial Advisors LLC increased its stake in shares of TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after buying an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in TKO Group in the fourth quarter valued at $38,000. Finally, UMB Bank n.a. grew its holdings in TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in 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 research report on Friday, May 9th. Pivotal Research reaffirmed a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Susquehanna began coverage on TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 target price for the company. Morgan Stanley increased their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price 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. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $166.25.

TKO Group Trading Up 0.8%

Shares of TKO Group stock traded up $1.20 during trading on Tuesday, reaching $158.92. 1,807,693 shares of the company were exchanged, compared to its average volume of 1,115,619. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a twelve month low of $100.76 and a twelve month high of $179.09. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of -378.38 and a beta of 0.73. The business has a 50-day moving average price of $154.90 and a 200-day moving average price of $149.46.

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

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is currently 77.16%.

Insider Transactions at TKO Group

In other TKO Group news, Director Sonya E. Medina acquired 233 shares of TKO Group stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Kraft purchased 3,500 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders have bought 23,733 shares of company stock worth $3,561,318 in the last ninety days. Insiders own 61.30% of the company's stock.

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.