Hsbc Holdings PLC Grows Stock Holdings in TKO Group Holdings, Inc. $TKO

Hsbc Holdings PLC grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 38.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,333 shares of the company’s stock after acquiring an additional 29,076 shares during the period. Hsbc Holdings PLC’s holdings in TKO Group were worth $22,115,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of TKO Group in the fourth quarter worth about $27,000. Torren Management LLC bought a new position in TKO Group during the 4th quarter valued at approximately $32,000. Aventura Private Wealth LLC bought a new position in TKO Group during the 4th quarter valued at approximately $35,000. Clearstead Advisors LLC raised its position 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 during the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in TKO Group in the 4th quarter worth approximately $38,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro acquired 10,807 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the acquisition, the insider owned 129,207 shares in the company, valued at $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84. Following the transaction, the director directly owned 81,511 shares of the company’s stock, valued at $16,918,423.16. This represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 28,625 shares valued at $5,650,725. Company insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TKO. TD Cowen lifted their price objective on TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. UBS Group boosted their price objective on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Pivotal Research upped their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Sanford C. Bernstein decreased their price objective on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Stock Performance

TKO Group stock opened at $204.14 on Thursday. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The stock’s 50 day simple moving average is $194.02 and its two-hundred day simple moving average is $201.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $39.63 billion, a price-to-earnings ratio of 76.17 and a beta of 0.59.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, analysts expect that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.5%. TKO Group’s payout ratio is currently 117.91%.

TKO Group Company 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.