Toronto Dominion Bank Takes $1.26 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Toronto Dominion Bank purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,851 shares of the company's stock, valued at approximately $1,258,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in TKO Group during the 4th quarter valued at $32,000. Game Plan Financial Advisors LLC increased its holdings in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of TKO Group in the 4th quarter valued at $38,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of TKO Group in the 4th quarter valued at $44,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna assumed coverage on TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 target price for 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 note on Monday, February 24th. JPMorgan Chase & Co. lifted their target price on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. 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 note on Monday, May 12th. Finally, Sanford C. Bernstein initiated coverage on TKO Group in a research report on Wednesday. They issued an "outperform" rating and a $190.00 price target on the stock. Two equities research 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's stock. Based on data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus price target of $168.08.

TKO Group Trading Up 1.8%

TKO stock traded up $2.86 during midday trading on Wednesday, hitting $165.97. 816,269 shares of the company's stock were exchanged, compared to its average volume of 1,114,154. The stock's fifty day moving average price is $156.04 and its 200-day moving average price is $151.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $32.85 billion, a PE ratio of -395.17 and a beta of 0.73. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.14. The firm 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 company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted ($1.26) earnings per share. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. TKO Group's dividend payout ratio (DPR) is 77.16%.

Insider Activity

In related news, Director Jonathan Kraft bought 3,500 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $140.69 per share, with a total value of $492,415.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $158.46, for a total value of $1,508,380.74. Following the completion of the sale, the director now directly owns 210,967 shares in the company, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 1,582,813 shares of company stock worth $250,525,663 over the last three months. Corporate 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.