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Vanguard Group Inc. Grows Position in TKO Group Holdings, Inc. (NYSE:TKO)

TKO Group logo with Consumer Discretionary background

Vanguard Group Inc. raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,976,904 shares of the company's stock after acquiring an additional 1,295,817 shares during the period. Vanguard Group Inc. owned approximately 4.66% of TKO Group worth $1,218,951,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TKO. Sentry Investment Management LLC acquired a new stake in TKO Group during the first quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of TKO Group during the 1st quarter worth about $26,000. Bartlett & CO. Wealth Management LLC purchased a new stake in TKO Group in the 1st quarter valued at about $27,000. Farther Finance Advisors LLC lifted its position in TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock valued at $33,000 after buying an additional 122 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in TKO Group by 229.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the company's stock valued at $37,000 after buying an additional 170 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 3.4%

Shares of TKO traded up $6.14 during midday trading on Tuesday, hitting $186.14. The company had a trading volume of 1,225,726 shares, compared to its average volume of 1,019,062. The company's 50-day simple moving average is $170.62 and its 200-day simple moving average is $161.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. TKO Group Holdings, Inc. has a 1 year low of $113.16 and a 1 year high of $187.01. The firm has a market capitalization of $36.84 billion, a P/E ratio of 76.92 and a beta of 0.72.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 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 analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $0.72 EPS. The company's revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 0.8%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's payout ratio is 62.81%.

Insiders Place Their Bets

In other TKO Group news, Director Peter C. B. Bynoe bought 980 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the purchase, the director directly owned 2,747 shares in the company, valued at $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 acquired 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 of the company's stock, valued at $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. Insiders sold 73,725 shares of company stock valued at $12,501,561 in the last ninety days. Insiders own 53.80% of the company's stock.

Analysts Set New Price Targets

TKO has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research note on Monday, May 12th. UBS Group boosted their target price on TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Sanford C. Bernstein initiated coverage on TKO Group in a research note on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target on the stock. Bank of America lifted their price objective on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $182.00.

Check Out Our Latest Research Report on TKO

TKO Group Profile

(Free Report)

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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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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