Dakota Wealth Management Trims Stock Holdings in TKO Group Holdings, Inc. $TKO

Dakota Wealth Management lessened its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 59.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,629 shares of the company’s stock after selling 5,233 shares during the quarter. Dakota Wealth Management’s holdings in TKO Group were worth $758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC raised its position in shares of TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of TKO Group during the 2nd quarter valued at approximately $34,000. Aventura Private Wealth LLC acquired a new stake in shares of TKO Group during the fourth quarter worth approximately $35,000. Atlantic Union Bankshares Corp grew its position in shares of TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after buying an additional 168 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of TKO Group in the second quarter worth $36,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TKO. Pivotal Research upped their price target on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Susquehanna reissued a “positive” rating and issued a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Sanford C. Bernstein increased their price target on shares of TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded TKO Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.73.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Seth D. Krauss sold 14,016 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total value of $2,820,299.52. Following the transaction, the insider owned 2,271 shares of the company’s stock, valued at $456,970.62. This trade represents a 86.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.01, for a total value of $7,635,074.25. Following the completion of the transaction, the director owned 122,868 shares of the company’s stock, valued at approximately $25,066,300.68. The trade was a 23.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 168,802 shares of company stock valued at $34,480,366. Corporate insiders own 53.80% of the company’s stock.

TKO Group Stock Performance

TKO stock opened at $189.14 on Monday. The stock’s 50 day simple moving average is $204.83 and its 200 day simple moving average is $199.71. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $226.94. The firm has a market cap of $36.72 billion, a P/E ratio of 84.06 and a beta of 0.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is 138.67%.

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.