Hsbc Holdings PLC Sells 14,485 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Hsbc Holdings PLC decreased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 45.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,705 shares of the company's stock after selling 14,485 shares during the quarter. Hsbc Holdings PLC's holdings in TKO Group were worth $2,536,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TKO. Norges Bank bought a new position in TKO Group in the 4th quarter worth about $104,613,000. Arrowstreet Capital Limited Partnership bought a new position in shares of TKO Group in the fourth quarter valued at approximately $54,778,000. Marshall Wace LLP grew its stake in TKO Group by 98.5% during the fourth quarter. Marshall Wace LLP now owns 726,058 shares of the company's stock valued at $103,180,000 after acquiring an additional 360,236 shares in the last quarter. Alliancebernstein L.P. increased its holdings in TKO Group by 277.4% during the 4th quarter. Alliancebernstein L.P. now owns 343,671 shares of the company's stock worth $48,839,000 after acquiring an additional 252,613 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in TKO Group during the 4th quarter worth approximately $33,922,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TKO. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Guggenheim reaffirmed a "buy" rating and issued a $175.00 price target on shares of TKO Group in a report on Wednesday, April 23rd. Morgan Stanley boosted their price objective on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a "positive" rating and a $180.00 target price on the stock. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.08.

TKO Group Trading Up 0.4 %

TKO Group stock traded up $0.60 during mid-day trading on Tuesday, hitting $167.43. The company's stock had a trading volume of 89,686 shares, compared to its average volume of 1,100,199. The business has a 50 day moving average price of $150.05 and a 200-day moving average price of $144.96. TKO Group Holdings, Inc. has a 12 month low of $97.37 and a 12 month high of $179.09. The stock has a market cap of $28.66 billion, a price-to-earnings ratio of -399.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. TKO Group's dividend payout ratio (DPR) is currently 7,600.00%.

Insider Buying and Selling at TKO Group

In other news, Director Sonya E. Medina purchased 233 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ariel Emanuel purchased 72,970 shares of the business's stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of $160.59 per share, for a total transaction of $11,718,252.30. Following the acquisition, the chief executive officer now owns 2,011,105 shares in the company, valued at approximately $322,963,351.95. The trade was a 3.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 746,054 shares of company stock worth $125,871,192. 53.80% of the stock is currently owned by insiders.

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.