TKO Group Holdings, Inc. $TKO Stock Holdings Lessened by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its holdings in TKO Group Holdings, Inc. (NYSE:TKO) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,091 shares of the company’s stock after selling 5,516 shares during the quarter. Cornerstone Advisors LLC’s holdings in TKO Group were worth $9,721,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Asset Management One Co. Ltd. raised its position in TKO Group by 2.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,665 shares of the company’s stock valued at $479,000 after purchasing an additional 64 shares during the last quarter. Allworth Financial LP boosted its stake in TKO Group by 12.2% in the second quarter. Allworth Financial LP now owns 615 shares of the company’s stock worth $124,000 after purchasing an additional 67 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in TKO Group by 4.0% in the first quarter. Wealthfront Advisers LLC now owns 2,324 shares of the company’s stock worth $469,000 after purchasing an additional 89 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of TKO Group by 5.8% during the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after purchasing an additional 155 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Transactions at TKO Group

In other TKO Group news, CEO Ariel Emanuel sold 24,702 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the sale, the chief executive officer directly owned 174,334 shares of the company’s stock, valued at approximately $33,888,786.26. The trade was a 12.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Shapiro sold 19,120 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $3,716,736.80. Following the transaction, the insider owned 147,071 shares in the company, valued at approximately $28,589,131.69. The trade was a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 87,736 shares of company stock valued at $16,907,349 in the last three months. Company insiders own 64.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TKO shares. The Goldman Sachs Group lowered their target price on TKO Group from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. BTIG Research reiterated a “buy” rating and set a $237.00 price target on shares of TKO Group in a research report on Wednesday, October 21st. Roth Capital reissued a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of TKO Group in a report on Tuesday, August 4th. Susquehanna lowered their price objective on shares of TKO Group from $224.00 to $223.00 and set a “positive” rating for the company in a research report on Thursday, November 5th. Finally, Zacks Research raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.29.

TKO Group Stock Up 0.7%

NYSE:TKO opened at $195.35 on Friday. The company has a market cap of $36.97 billion, a price-to-earnings ratio of 52.66 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s fifty day moving average price is $183.79 and its two-hundred day moving average price is $192.97. TKO Group Holdings, Inc. has a 52-week low of $170.14 and a 52-week high of $226.94.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.20 by $0.13. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. TKO Group had a return on equity of 3.35% and a net margin of 5.19%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. On average, analysts anticipate that TKO Group Holdings, Inc. will post 7.04 EPS for the current year.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 15th. TKO Group’s dividend payout ratio (DPR) is presently 85.18%.

TKO Group Profile

TKO Group Holdings, Inc. is a global sports and entertainment company whose principal properties are UFC, the mixed martial arts organization, and WWE, the professional wrestling and sports entertainment company. TKO was formed in 2023 when Endeavor combined UFC and WWE under a single publicly traded company. The company generates business through live events and ticket sales, media and streaming rights, sponsorships, licensing, and consumer products. UFC and WWE produce programming and events for audiences worldwide, alongside related digital content and merchandise.