TKO Group Holdings, Inc. $TKO Stock Holdings Lifted by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. raised its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 63.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 88,500 shares of the company’s stock after acquiring an additional 34,200 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in TKO Group were worth $18,496,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TKO. Vontobel Holding Ltd. increased its holdings in shares of TKO Group by 108,668.4% in the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock valued at $265,062,000 after buying an additional 1,267,073 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares in the last quarter. State Street Corp increased its holdings in shares of TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Norges Bank bought a new position in shares of TKO Group in the fourth quarter valued at $150,602,000. Finally, Alliancebernstein L.P. increased its holdings in shares of TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after buying an additional 419,021 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Insider Activity at TKO Group

In related news, CEO Ariel Emanuel purchased 10,805 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the purchase, the chief executive officer owned 154,655 shares of the company’s stock, valued at $28,625,093.95. The trade was a 7.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark S. Shapiro purchased 10,807 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the purchase, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. The trade was a 9.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders acquired 24,308 shares of company stock valued at $4,499,679. 64.30% of the stock is owned by insiders.

TKO Group Price Performance

Shares of NYSE:TKO opened at $203.42 on Friday. The company’s fifty day moving average is $193.73 and its two-hundred day moving average is $200.73. 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 Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a market cap of $39.49 billion, a P/E ratio of 75.90 and a beta of 0.59.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.69 EPS. The company’s revenue was up 25.9% on a year-over-year basis. Equities analysts expect that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is currently 116.42%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group upped their price target on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research reissued a “buy” rating and set a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. TD Cowen boosted their target price on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Eleven equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

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.