TKO Group Holdings, Inc. $TKO Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 95.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,043 shares of the company’s stock after purchasing an additional 19,040 shares during the period. Moran Wealth Management LLC’s holdings in TKO Group were worth $7,885,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TKO. Norges Bank purchased a new stake in shares of TKO Group in the 2nd quarter valued at approximately $132,441,000. Ninety One UK Ltd lifted its holdings in TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Congress Asset Management Co. acquired a new position in TKO Group in the second quarter valued at approximately $82,056,000. Alliancebernstein L.P. grew its position in TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after acquiring an additional 419,021 shares during the period. Finally, Invesco Ltd. increased its stake in TKO Group by 26.9% during the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after acquiring an additional 383,325 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Seth D. Krauss sold 9,777 shares of TKO Group stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $207.67, for a total value of $2,030,389.59. Following the completion of the transaction, the insider directly owned 7,983 shares in the company, valued at approximately $1,657,829.61. This trade represents a 55.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shane Kapral sold 1,946 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.21, for a total value of $397,392.66. Following the transaction, the chief financial officer directly owned 4,104 shares of the company’s stock, valued at $838,077.84. The trade was a 32.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 107,948 shares of company stock valued at $21,817,883. Corporate insiders own 61.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TKO. Robert W. Baird upped their price target on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. BTIG Research upped their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research note on Thursday, December 18th. Finally, Guggenheim boosted their price target on shares of TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

TKO Group Stock Performance

NYSE TKO opened at $201.99 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $39.40 billion, a P/E ratio of 77.39 and a beta of 0.62. The stock has a 50-day moving average of $197.74 and a two-hundred day moving average of $188.91. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $218.11.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group declared that its Board of Directors has approved a share buyback program on Monday, September 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 annualized dividend and a yield of 1.5%. This is a boost from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is 119.54%.

TKO Group Company 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.