TKO Group Holdings, Inc. $TKO Stock Position Decreased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 67,428 shares of the company’s stock after selling 10,388 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TKO Group were worth $14,092,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of TKO Group during the 4th quarter worth $27,000. Torren Management LLC bought a new stake in shares of TKO Group during the 4th quarter worth $32,000. CYBER HORNET ETFs LLC bought a new stake in shares of TKO Group during the 2nd quarter worth $34,000. Aventura Private Wealth LLC bought a new stake in shares of TKO Group during the 4th quarter worth $35,000. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of TKO Group by 1,680.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

TKO Group Price Performance

TKO opened at $204.34 on Wednesday. The stock has a fifty day moving average of $191.91 and a 200-day moving average of $199.48. The firm has a market capitalization of $39.67 billion, a P/E ratio of 76.25 and a beta of 0.59. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 2.49% and a net margin of 4.47%.The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities analysts forecast that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,518 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the sale, the director directly owned 91,100 shares in the company, valued at approximately $16,943,689. This trade represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ariel Emanuel acquired 10,805 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the acquisition, the chief executive officer owned 154,655 shares of the company’s stock, valued at $28,625,093.95. This represents a 7.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 24,308 shares of company stock valued at $4,499,679 and have sold 19,290 shares valued at $3,711,017. Company insiders own 64.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TKO shares. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Sanford C. Bernstein reduced their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Finally, Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Profile

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.