TKO Group Holdings, Inc. $TKO Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,217 shares of the company’s stock after purchasing an additional 445 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TKO Group were worth $1,495,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hemington Wealth Management increased its holdings in shares of TKO Group by 425.0% in the 1st quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in TKO Group during the 1st quarter worth $26,000. Bartlett & CO. Wealth Management LLC bought a new position in TKO Group during the 1st quarter worth $27,000. Farther Finance Advisors LLC grew its stake in TKO Group by 129.8% during the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock worth $33,000 after buying an additional 122 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in TKO Group during the 1st quarter worth $38,000. 89.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Peter C. B. Bynoe acquired 740 shares of TKO Group stock in a transaction on Tuesday, September 16th. The stock was bought at an average price of $203.00 per share, for a total transaction of $150,220.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nick Khan sold 9,519 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $197.82, for a total value of $1,883,048.58. Following the completion of the sale, the director owned 128,023 shares of the company’s stock, valued at $25,325,509.86. This represents a 6.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,725 shares of company stock valued at $12,966,373 in the last quarter. Corporate insiders own 61.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TKO shares. Seaport Res Ptn cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Roth Capital increased their price target on TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised their target price on TKO Group from $182.00 to $212.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. UBS Group upped their target price on TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, Northcoast Research lowered TKO Group from a “buy” rating to a “neutral” rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.07.

TKO Group Price Performance

Shares of NYSE:TKO opened at $186.36 on Friday. The business has a 50 day moving average price of $189.85 and a 200 day moving average price of $171.92. TKO Group Holdings, Inc. has a twelve month low of $114.01 and a twelve month high of $212.49. The company has a market cap of $36.96 billion, a price-to-earnings ratio of 77.01 and a beta of 0.76. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last announced its earnings results 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.72 EPS. TKO Group’s revenue for the quarter was up 53.7% compared to the same quarter last year. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group announced that its board has authorized 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 repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

TKO Group Increases Dividend

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

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.