Vontobel Holding Ltd. Raises Position in TKO Group Holdings, Inc. $TKO

by · The Markets Daily

Vontobel Holding Ltd. raised its stake in TKO Group Holdings, Inc. (NYSE:TKO – Free Report) by 108,668.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,268,239 shares of the company’s stock after buying an additional 1,267,073 shares during the quarter. Vontobel Holding Ltd.’s holdings in TKO Group were worth $265,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TKO. Elyxium Wealth LLC purchased a new stake in shares of TKO Group in the fourth quarter worth approximately $27,000. Torren Management LLC purchased a new stake in shares of TKO Group in the fourth quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group in the second quarter worth approximately $34,000. Aventura Private Wealth LLC purchased a new stake in shares of TKO Group in the fourth quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of TKO Group in the second quarter worth approximately $36,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of TKO opened at $203.42 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $39.49 billion, a price-to-earnings ratio of 75.90 and a beta of 0.59. The stock has a 50 day moving average of $193.73 and a 200 day moving average of $200.73. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94.

TKO Group (NYSE:TKO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business posted $0.69 earnings per share. TKO Group’s revenue was up 25.9% on a year-over-year basis. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.79 dividend. 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. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s payout ratio is presently 116.42%.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction 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 directly owned 91,100 shares of the company’s stock, valued at $16,943,689. This trade represents a 9.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark S. Shapiro bought 10,807 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the completion of the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. 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 quarter, insiders purchased 24,308 shares of company stock worth $4,499,679. Company insiders own 64.30% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the subject of several analyst reports. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. UBS Group increased 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. Roth Mkm set a $228.00 price target on TKO Group in a research report on Monday, May 4th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

Read Our Latest Report on TKO

About TKO Group

(Free Report)

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.

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