Ensign Peak Advisors Inc Boosts Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Ensign Peak Advisors Inc boosted its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,710 shares of the company’s stock after buying an additional 3,160 shares during the quarter. Ensign Peak Advisors Inc’s holdings in TKO Group were worth $3,796,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, Director Sonya E. Medina bought 233 shares of TKO Group stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $285,860. This trade represents a 13.19% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Kraft bought 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $140.69 per share, with a total value of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. This represents a 17.50% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 23,733 shares of company stock worth $3,561,318. 61.30% of the stock is owned by corporate insiders.

TKO Group Stock Performance

TKO stock opened at $161.84 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average price of $152.34 and a 200 day moving average price of $146.68. The company has a market capitalization of $27.70 billion, a P/E ratio of -385.33 and a beta of 0.73. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted ($1.26) earnings per share. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.94%. TKO Group’s dividend payout ratio is presently 77.16%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday. Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They set a “positive” rating and a $180.00 target price for the company. Morgan Stanley lifted their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Guggenheim lifted their target price on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.25.

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.