TKO Group Holdings, Inc. (NYSE:TKO) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 22,948 shares of the company’s stock after purchasing an additional 1,207 shares during the quarter. Wellington Management Group LLP’s holdings in TKO Group were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TKO. Smartleaf Asset Management LLC boosted its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Game Plan Financial Advisors LLC boosted its position in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. SBI Securities Co. Ltd. acquired a new position in TKO Group during the 4th quarter worth $38,000. Kestra Investment Management LLC acquired a new position in TKO Group during the 4th quarter worth $44,000. Finally, TD Private Client Wealth LLC boosted its position in TKO Group by 86.8% during the 4th quarter. TD Private Client Wealth LLC now owns 325 shares of the company’s stock worth $46,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TKO. The Goldman Sachs Group boosted their price target on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. JPMorgan Chase & Co. boosted their price target on TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Pivotal Research reiterated a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.08.

Insider Transactions at TKO Group

In other TKO Group news, Director Sonya E. Medina purchased 233 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. This represents a 13.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Kraft purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. This trade represents a 17.50% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,582,813 shares of company stock valued at $250,525,663 over the last three months. Company insiders own 61.30% of the company’s stock.

TKO Group Stock Up 1.8%

TKO opened at $165.97 on Thursday. TKO Group Holdings, Inc. has a one year low of $100.76 and a one year high of $179.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s fifty day moving average is $156.04 and its 200-day moving average is $151.06. The company has a market capitalization of $32.85 billion, a PE ratio of -395.17 and a beta of 0.73.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. TKO Group’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.26) earnings per share. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, June 13th. TKO Group’s dividend payout ratio (DPR) is presently 77.16%.

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.