Geode Capital Management LLC Has $387.07 Million Stock Holdings in TKO Group Holdings, Inc. $TKO

Geode Capital Management LLC grew its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,855,077 shares of the company’s stock after purchasing an additional 49,486 shares during the period. Geode Capital Management LLC’s holdings in TKO Group were worth $387,072,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of TKO Group by 0.8% in the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after acquiring an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA lifted its stake 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 worth $665,826,000 after acquiring an additional 1,128,749 shares during the period. UBS Group AG lifted its stake in shares of TKO Group by 31.7% in the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after acquiring an additional 307,000 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of TKO Group by 35.9% in the third quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after acquiring an additional 191,743 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TKO has been the topic of a number of recent analyst reports. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a research note on Thursday, May 7th. Finally, UBS Group lifted their price objective on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $233.73.

TKO Group Stock Performance

TKO stock opened at $205.06 on Monday. The firm has a market cap of $39.81 billion, a PE ratio of 76.51 and a beta of 0.59. The stock has a 50-day moving average price of $191.69 and a 200-day moving average price of $199.28. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 5 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, March 16th. TKO Group’s payout ratio is presently 116.42%.

Insiders Place Their Bets

In other TKO Group news, CEO Ariel Emanuel bought 10,805 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the acquisition, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. This trade represents a 7.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82. Following the completion of the sale, the director owned 91,100 shares of the company’s stock, valued at approximately $16,943,689. The trade was a 9.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 24,308 shares of company stock valued at $4,499,679 and sold 29,424 shares valued at $5,944,433. Company insiders own 64.30% of the company’s stock.

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.