Union Bancaire Privee UBP SA Invests $2.07 Million in TKO Group Holdings, Inc. $TKO

Key Points

• Union Bancaire Privee UBP SA has invested approximately $2.07 million in TKO Group Holdings, acquiring 11,400 shares during the second quarter.
• TKO Group recently declared a quarterly dividend, increasing it from $0.38 to $0.76 per share, indicating positive growth in shareholder returns.
• Multiple brokerages have revised their price targets for TKO Group shares, with Citigroup setting a target of $225.00 and UBS Group raising it to $235.00, both maintaining a "buy" rating.

Union Bancaire Privee UBP SA bought a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,400 shares of the company's stock, valued at approximately $2,074,000.

Other large investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new position in TKO Group in the first quarter valued at about $25,000. Hemington Wealth Management boosted its position in TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in TKO Group during the first quarter worth approximately $26,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group in the 1st quarter valued at $27,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TKO Group

In related news, Director Peter C. B. Bynoe bought 740 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was bought at an average price of $203.00 per share, with a total value of $150,220.00. Following the transaction, the director owned 5,187 shares of the company's stock, valued at approximately $1,052,961. This trade represents a 16.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nick Khan sold 9,519 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the completion of the sale, the director directly owned 137,456 shares of the company's stock, valued at $25,625,922.08. The trade was a 6.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,725 shares of company stock worth $12,767,807 in the last ninety days. 53.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TKO. Guggenheim lifted their price target on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Citigroup lifted their price target on shares of TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, August 15th. Zacks Research raised shares of TKO Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. UBS Group increased their price target on TKO Group from $200.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Finally, Robert W. Baird increased their price target on TKO Group from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $199.71.

TKO Group Stock Performance

TKO Group stock opened at $201.91 on Wednesday. TKO Group Holdings, Inc. has a 12-month low of $114.01 and a 12-month high of $212.49. The company has a market capitalization of $40.04 billion, a price-to-earnings ratio of 83.43 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The firm's fifty day moving average price is $186.06 and its 200 day moving average price is $169.81.

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

TKO Group declared that its Board of Directors has initiated a share repurchase program on Monday, September 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.76 per share. This is a positive change from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.04 annualized dividend and a yield of 1.5%. TKO Group's payout ratio is presently 125.62%.

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.

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