TKO Group Holdings, Inc. $TKO Stake Lifted by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,759,493 shares of the company’s stock after buying an additional 9,119 shares during the period. Vanguard Group Inc.’s holdings in TKO Group were worth $1,567,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd grew its position in shares of TKO Group by 2.4% during the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after acquiring an additional 113,996 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock valued at $415,436,000 after purchasing an additional 53,818 shares during the last quarter. Invesco Ltd. lifted its position in TKO Group by 26.9% in the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after purchasing an additional 383,325 shares during the last quarter. Norges Bank acquired a new position in TKO Group during the 2nd quarter valued at about $132,441,000. Finally, Charles Schwab Investment Management Inc. grew its position in TKO Group by 1.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 656,884 shares of the company’s stock worth $119,520,000 after purchasing an additional 11,369 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Stock Performance

TKO opened at $211.02 on Friday. The business has a 50 day moving average price of $207.44 and a two-hundred day moving average price of $196.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $41.17 billion, a price-to-earnings ratio of 80.85 and a beta of 0.65. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $218.11.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.78 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. TKO Group’s dividend payout ratio (DPR) is 119.54%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price target on shares of TKO Group in a report on Thursday, February 12th. Sanford C. Bernstein raised their target price on TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday. BTIG Research cut their target price on TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen reissued a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Finally, Pivotal Research raised their price target on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $230.20.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 37,425 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the transaction, the director owned 122,868 shares in the company, valued at approximately $25,066,300.68. This trade represents a 23.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Seth D. Krauss sold 14,016 shares of TKO Group stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the completion of the transaction, the insider directly owned 2,271 shares in the company, valued at $456,970.62. This represents a 86.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 168,840 shares of company stock valued at $34,231,966 in the last three months. 61.30% of the stock is currently owned by insiders.

About TKO Group

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.