Nissay Asset Management Corp Japan ADV Purchases 3,390 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Nissay Asset Management Corp Japan ADV grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 53.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,777 shares of the company’s stock after acquiring an additional 3,390 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in TKO Group were worth $1,408,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after acquiring an additional 114,096 shares during the period. Ninety One UK Ltd lifted its position in shares of TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after acquiring an additional 163,980 shares during the period. Independent Franchise Partners LLP lifted its position in shares of TKO Group by 7.4% in the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock worth $484,473,000 after acquiring an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock worth $249,047,000 after acquiring an additional 47,768 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after acquiring an additional 611,178 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Pivotal Research reiterated a “buy” rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Morgan Stanley increased their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Guggenheim increased their target price on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $164.25.

TKO Group Trading Up 1.2%

TKO stock opened at $163.33 on Friday. The business has a fifty day moving average price of $153.10 and a 200 day moving average price of $147.54. TKO Group Holdings, Inc. has a fifty-two week low of $100.76 and a fifty-two week high of $179.09. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of -388.89 and a beta of 0.73. 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 (NYSE:TKO) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted ($1.26) EPS. The business’s revenue was up 3.8% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.93%. TKO Group’s dividend payout ratio is 77.16%.

Insider Activity at TKO Group

In other TKO Group news, Director Sonya E. Medina purchased 233 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan Kraft acquired 3,500 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 23,733 shares of company stock valued at $3,561,318 in the last three months. Corporate insiders own 61.30% of the company’s stock.

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.