Wealthfront Advisers LLC Invests $234,000 in TKO Group Holdings, Inc. (NYSE:TKO)

Wealthfront Advisers LLC purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,530 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. raised its stake in shares of TKO Group by 46.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,997 shares of the company's stock valued at $710,000 after acquiring an additional 1,582 shares during the period. Corient Private Wealth LLC grew its position in shares of TKO Group by 2.8% during the fourth quarter. Corient Private Wealth LLC now owns 4,118 shares of the company's stock worth $585,000 after acquiring an additional 112 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of TKO Group by 207.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 48,020 shares of the company's stock worth $6,824,000 after purchasing an additional 32,412 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of TKO Group by 552.9% during the fourth quarter. Teacher Retirement System of Texas now owns 33,964 shares of the company's stock worth $4,827,000 after purchasing an additional 28,762 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of TKO Group by 86.8% during the fourth quarter. TD Private Client Wealth LLC now owns 325 shares of the company's stock worth $46,000 after purchasing an additional 151 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Down 1.2%

Shares of TKO traded down $2.08 on Tuesday, hitting $166.62. 762,583 shares of the stock traded hands, compared to its average volume of 1,125,579. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. TKO Group Holdings, Inc. has a one year low of $102.46 and a one year high of $182.60. The company has a market capitalization of $32.98 billion, a PE ratio of 84.58 and a beta of 0.73. The business has a 50 day simple moving average of $167.95 and a 200 day simple moving average of $158.32.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned ($1.26) EPS. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities analysts forecast 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, June 13th. This represents a $1.52 annualized dividend and a yield of 0.91%. TKO Group's dividend payout ratio is presently 77.16%.

Insider Buying and Selling

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the transaction, the insider owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 bought at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the transaction, the director directly owned 2,747 shares of the company's stock, valued at approximately $465,863.73. The trade was a 55.46% increase in their position. The disclosure for this purchase can be found here. 53.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Sanford C. Bernstein began coverage on TKO Group in a research note on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target for the company. Susquehanna initiated coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target for the company. Northcoast Research lowered TKO Group from a "buy" rating to a "neutral" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, The Goldman Sachs Group increased their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.33.

TKO Group 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.