335 Shares in TKO Group Holdings, Inc. $TKO Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 335 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds have also bought and sold shares of TKO. Hemington Wealth Management boosted its stake in TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 136 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in TKO Group during the first quarter worth about $26,000. Bartlett & CO. Wealth Management LLC bought a new stake in TKO Group during the first quarter worth about $27,000. Farther Finance Advisors LLC lifted its stake in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock worth $33,000 after buying an additional 122 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of TKO Group in the first quarter worth approximately $38,000. Institutional investors own 89.79% of the company’s stock.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 9,519 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $197.82, for a total transaction of $1,883,048.58. Following the completion of the sale, the director directly owned 128,023 shares of the company’s stock, valued at approximately $25,325,509.86. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter C. B. Bynoe bought 740 shares of TKO Group stock in a transaction on Tuesday, September 16th. The shares were acquired at an average cost of $203.00 per share, with a total value of $150,220.00. Following the completion of the acquisition, the director owned 5,187 shares of the company’s stock, valued at $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 ninety days, insiders have sold 73,725 shares of company stock valued at $12,966,373. 53.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TKO has been the topic of several analyst reports. Guggenheim upped their target price on shares of TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Roth Capital upped their target price on shares of TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research note on Saturday, September 27th. Citigroup upped their target price on shares of TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Morgan Stanley upped their target price on shares of TKO Group from $165.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.07.

TKO Group Stock Up 0.1%

TKO opened at $186.72 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $190.27 and a 200-day moving average price of $172.41. TKO Group Holdings, Inc. has a twelve month low of $114.01 and a twelve month 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.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group announced that its Board of Directors has approved a share buyback plan on Monday, September 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

TKO Group Increases Dividend

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

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.