Sumitomo Mitsui DS Asset Management Company Ltd Purchases 32,686 Shares of TKO Group Holdings, Inc. $TKO

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in TKO Group Holdings, Inc. (NYSE:TKO) by 66.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,872 shares of the company’s stock after buying an additional 32,686 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in TKO Group were worth $16,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. raised its stake in TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 105 shares during the period. Golden State Wealth Management LLC increased its stake in shares of TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Eastern Bank bought a new stake in shares of TKO Group in the second quarter valued at approximately $34,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the 2nd quarter valued at approximately $34,000. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TKO shares. BTIG Research boosted their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Susquehanna boosted their price objective on TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, December 10th. Wolfe Research reissued an “outperform” rating and set a $227.00 price objective on shares of TKO Group in a report on Monday, December 15th. TD Cowen lifted their target price on TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Sanford C. Bernstein upped their price target on TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $226.00.

Insider Activity

In other news, CFO Andrew M. Schleimer sold 5,739 shares of TKO Group stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $1,171,215.12. Following the completion of the sale, the chief financial officer directly owned 16,239 shares of the company’s stock, valued at approximately $3,314,055.12. The trade was a 26.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Seth D. Krauss sold 9,777 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $207.67, for a total transaction of $2,030,389.59. Following the completion of the transaction, the insider owned 7,983 shares of the company’s stock, valued at $1,657,829.61. This trade represents a 55.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 107,948 shares of company stock worth $21,817,883. Corporate insiders own 61.30% of the company’s stock.

TKO Group Price Performance

Shares of NYSE TKO opened at $199.51 on Friday. The stock’s 50-day simple moving average is $197.97 and its two-hundred day simple moving average is $189.17. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $218.11. The firm has a market capitalization of $38.92 billion, a P/E ratio of 76.44 and a beta of 0.62. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is currently 119.54%.

TKO Group declared that its Board of Directors has authorized a share buyback plan on Monday, September 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

TKO Group Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.