TKO Group Holdings, Inc. $TKO Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 132,700 shares of the company’s stock after selling 5,100 shares during the period. Swiss National Bank’s holdings in TKO Group were worth $26,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of TKO Group during the fourth quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC bought a new position in shares of TKO Group in the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC boosted its stake in TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after purchasing an additional 124 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of TKO Group during the 4th quarter valued at $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $182.63, for a total value of $1,751,239.07. Following the transaction, the director owned 72,013 shares of the company’s stock, valued at approximately $13,151,734.19. The trade was a 11.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark S. Shapiro bought 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the transaction, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. Insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of several research reports. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Roth Capital set a $228.00 target price on shares of TKO Group in a report on Monday, May 4th. Guggenheim reduced their target price on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reduced their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $233.87.

TKO Group Price Performance

Shares of TKO Group stock opened at $179.50 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The firm has a fifty day moving average price of $195.97 and a two-hundred day moving average price of $198.48. The company has a market cap of $34.84 billion, a PE ratio of 66.98 and a beta of 0.60.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.69 earnings per share. TKO Group’s revenue was up 25.9% on a year-over-year basis. Analysts expect that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio is presently 117.91%.

About TKO Group

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.