TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC raised its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 57,165.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 29,778 shares of the company's stock after buying an additional 29,726 shares during the period. TKO Group comprises about 1.4% of Whipplewood Advisors LLC's portfolio, making the stock its 12th largest holding. Whipplewood Advisors LLC's holdings in TKO Group were worth $4,550,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TKO. Smartleaf Asset Management LLC grew its stake in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares during the period. Sentry Investment Management LLC purchased a new position in TKO Group during the first quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 purchasing an additional 170 shares during the period. Game Plan Financial Advisors LLC increased its stake in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Activity at TKO Group

In related news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of the stock in a transaction dated 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 transaction, the insider now owns 4,158,517 shares in the company, valued at $658,376,411.44. This represents a 61.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sonya E. Medina bought 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, for a total transaction 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 approximately $285,860. This trade represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,582,813 shares of company stock worth $250,525,663. Corporate insiders own 61.30% of the company's stock.

Wall Street Analyst Weigh In

TKO has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Sanford C. Bernstein assumed coverage on shares of TKO Group in a report on Wednesday. They issued an "outperform" rating and a $190.00 price objective for the company. Guggenheim raised their target price on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group upped their price target on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, Susquehanna assumed 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. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.08.

TKO Group Trading Up 1.8%

NYSE:TKO traded up $2.96 during trading hours on Thursday, reaching $168.86. 871,279 shares of the stock were exchanged, compared to its average volume of 1,113,187. TKO Group Holdings, Inc. has a twelve month low of $100.76 and a twelve month high of $179.09. The business has a 50-day moving average of $156.04 and a two-hundred day moving average of $151.06. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of -402.04 and a beta of 0.73. 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 (NYSE:TKO - Get Free Report) last posted its quarterly earnings data 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. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned ($1.26) EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, June 13th. TKO Group's payout ratio is 77.16%.

About TKO Group

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.