BNP Paribas Financial Markets Makes New Investment in TKO Group Holdings, Inc. (NYSE:TKO)

BNP Paribas Financial Markets purchased a new position in shares of TKO Group Holdings, Inc. (NYSE:TKO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 74,444 shares of the company’s stock, valued at approximately $10,579,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TKO. Norges Bank acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $104,613,000. Ameriprise Financial Inc. increased its holdings in shares of TKO Group by 57.3% during the 4th 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $54,778,000. Marshall Wace LLP increased its holdings in shares of TKO Group by 98.5% during the 4th quarter. Marshall Wace LLP now owns 726,058 shares of the company’s stock worth $103,180,000 after buying an additional 360,236 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of TKO Group by 277.4% during the 4th quarter. Alliancebernstein L.P. now owns 343,671 shares of the company’s stock worth $48,839,000 after buying an additional 252,613 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Pivotal Research reiterated a “buy” rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Guggenheim lifted their target price on shares of TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley lifted their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group lifted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.33.

Insider Transactions at TKO Group

In other news, CEO Ariel Emanuel acquired 117,769 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the transaction, the chief executive officer now owns 2,579,437 shares in the company, valued at approximately $452,433,249.80. This trade represents a 4.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the completion of the transaction, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. The trade was a 6.79% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 297,948 shares of company stock valued at $51,689,918. Insiders own 61.30% of the company’s stock.

TKO Group Stock Performance

Shares of TKO stock opened at $159.77 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group Holdings, Inc. has a 52 week low of $98.99 and a 52 week high of $179.09. The stock has a market capitalization of $27.35 billion, a PE ratio of -380.40 and a beta of 0.73. The firm has a 50 day moving average of $151.47 and a two-hundred day moving average of $146.14.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted ($1.26) EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. TKO Group’s dividend payout ratio (DPR) is currently 77.16%.

TKO Group 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.