TKO Group Holdings, Inc. $TKO Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 470,289 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Sequoia Financial Advisors LLC owned 0.24% of TKO Group worth $85,569,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TKO. Vanguard Group Inc. boosted its holdings in TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after acquiring an additional 1,295,817 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of TKO Group by 569.7% during the first quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after purchasing an additional 1,210,563 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of TKO Group by 242.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock worth $228,675,000 after purchasing an additional 1,059,636 shares during the period. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in shares of TKO Group during the second quarter worth about $82,056,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director Nick Khan sold 45,168 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the transaction, the director owned 156,494 shares of the company’s stock, valued at approximately $26,732,305.08. This represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter C. B. Bynoe acquired 740 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the acquisition, the director owned 5,187 shares in the company, valued at approximately $1,052,961. The trade was a 16.64% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 73,725 shares of company stock valued at $12,966,373. Company insiders own 53.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TKO shares. Sanford C. Bernstein lifted their target price on TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Roth Capital boosted their price objective on TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Baird R W upgraded TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. Citigroup boosted their price objective on TKO Group from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Finally, Guggenheim boosted their price objective on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.07.

TKO Group Stock Up 0.1%

Shares of TKO opened at $186.72 on Monday. 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 one year low of $114.01 and a one year high of $212.49. The stock has a market capitalization of $37.03 billion, a price-to-earnings ratio of 77.16 and a beta of 0.76. The stock has a 50 day moving average price of $190.27 and a 200 day moving average price of $172.41.

TKO Group (NYSE:TKO) last issued 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). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.23 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group declared that its board has approved a share repurchase plan on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.76 per share. The ex-dividend date was Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio (DPR) is currently 125.62%.

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.