DNB Asset Management AS Purchases New Shares in TKO Group Holdings, Inc. $TKO

DNB Asset Management AS purchased a new stake in shares of TKO Group Holdings, Inc. (NYSE:TKOFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,017 shares of the company’s stock, valued at approximately $631,000.

Other large investors have also added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in TKO Group during the 4th quarter valued at $32,000. Aventura Private Wealth LLC acquired a new stake in TKO Group during the 4th quarter valued at $35,000. Atlantic Union Bankshares Corp grew its holdings in TKO Group by 1,680.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in TKO Group during the 2nd quarter valued at $34,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in TKO Group by 48.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $185.99, for a total value of $1,770,252.82. Following the completion of the transaction, the director directly owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. The trade was a 9.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the acquisition, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their position. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders acquired 24,308 shares of company stock worth $4,499,679 and sold 30,040 shares worth $6,073,793. Corporate insiders own 61.30% of the company’s stock.

TKO Group News Summary

Here are the key news stories impacting TKO Group this week:

TKO Group Price Performance

Shares of TKO stock opened at $194.49 on Thursday. The firm has a market cap of $37.75 billion, a P/E ratio of 72.57 and a beta of 0.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The firm has a fifty day moving average of $192.62 and a two-hundred day moving average of $198.83.

TKO Group (NYSE:TKOGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 5 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is 116.42%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Pivotal Research raised their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, BTIG Research reissued a “buy” rating and set a $237.00 price objective on shares of TKO Group in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $233.73.

Get Our Latest Stock Analysis on TKO Group

About TKO Group

(Free Report)

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.

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Institutional Ownership by Quarter for TKO Group (NYSE:TKO)

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