TKO Group Holdings, Inc. $TKO Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 99.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,176 shares of the company’s stock after selling 468,842 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in TKO Group were worth $455,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of TKO Group during the fourth quarter valued at about $32,000. Aventura Private Wealth LLC acquired a new position in TKO Group in the 4th quarter worth approximately $35,000. Atlantic Union Bankshares Corp increased its holdings in TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after buying an additional 168 shares during the period. CYBER HORNET ETFs LLC acquired a new position in TKO Group in the 2nd quarter worth approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in TKO Group by 48.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the sale, the director owned 91,100 shares of the company’s stock, valued at $16,943,689. This trade represents a 9.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the purchase, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have acquired 24,308 shares of company stock worth $4,499,679 and have sold 30,656 shares worth $6,201,927. Company insiders own 53.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Pivotal Research increased their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. BTIG Research reiterated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a report on Thursday, May 7th. Susquehanna reiterated a “positive” rating and issued a $251.00 price target on shares of TKO Group in a report on Monday, January 19th. Sanford C. Bernstein cut their price target on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $233.73.

TKO Group Price Performance

Shares of NYSE TKO opened at $189.88 on Monday. The stock has a market capitalization of $36.86 billion, a price-to-earnings ratio of 70.85 and a beta of 0.57. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The firm’s 50 day simple moving average is $193.36 and its 200-day simple moving average is $198.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. Analysts expect that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 116.42%.

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.