TKO Group Holdings, Inc. (NYSE:TKO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,378 shares of the company’s stock after selling 575 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TKO Group were worth $2,961,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of TKO Group during the first quarter valued at $1,163,000. Friedenthal Financial acquired a new position in shares of TKO Group during the first quarter valued at $895,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of TKO Group during the first quarter valued at $464,000. Resona Asset Management Co. Ltd. acquired a new position in shares of TKO Group during the fourth quarter valued at $431,000. Finally, Moore Capital Management LP boosted its holdings in shares of TKO Group by 1,625.0% during the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock valued at $59,443,000 after acquiring an additional 394,038 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TKO shares. Susquehanna started coverage on TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 price target for the company. JPMorgan Chase & Co. increased their price target on TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Northcoast Research cut TKO Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. The Goldman Sachs Group increased their price target on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Finally, Sanford C. Bernstein initiated coverage on TKO Group in a research note on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 price target for the company. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average target price of $171.33.

TKO Group Trading Down 1.4%

Shares of NYSE TKO opened at $165.67 on Friday. TKO Group Holdings, Inc. has a 12 month low of $102.46 and a 12 month high of $182.60. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 84.10 and a beta of 0.73. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $169.36 and a 200-day simple moving average of $159.91.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted ($1.26) earnings per share. TKO Group’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group’s dividend payout ratio is currently 77.16%.

Insider Buying and Selling

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider owned 4,158,517 shares in the company, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter C. B. Bynoe acquired 980 shares of TKO Group stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average cost of $169.59 per share, with a total value of $166,198.20. Following the completion of the purchase, the director owned 2,747 shares in the company, valued at approximately $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 73,725 shares of company stock valued at $12,501,561. Corporate insiders own 61.30% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.