15,249 Shares of TKO Group Holdings, Inc. $TKO Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in TKO Group Holdings, Inc. (NYSE:TKO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,249 shares of the company’s stock, valued at approximately $2,741,000.

Several other large investors have also made changes to their positions in TKO. Public Employees Retirement System of Ohio bought a new position in TKO Group in the 2nd quarter worth approximately $9,698,000. Fortis Capital Management LLC bought a new stake in shares of TKO Group in the first quarter valued at approximately $6,023,000. Cat Rock Capital Management LP grew its stake in shares of TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock worth $68,287,000 after acquiring an additional 32,700 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of TKO Group by 1,125.0% in the second quarter. Wellington Management Group LLP now owns 28,150 shares of the company’s stock worth $5,667,000 after acquiring an additional 25,852 shares during the last quarter. Finally, Braun Stacey Associates Inc. increased its position in TKO Group by 7.7% during the second quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company’s stock worth $27,883,000 after acquiring an additional 9,924 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Key Stories Impacting TKO Group

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: TKO reported third-quarter adjusted earnings of $1.33 per share, above the $1.20 consensus estimate, while revenue rose 21.4% year over year. The company also increased its projections, supporting the growth outlook. TKO reports over $1.3 billion in Q3 revenue
• Positive Sentiment: Management is discussing ways to expand distribution beyond Paramount+, with HBO mentioned as a possible outlet for UFC content. Additional platforms could broaden audience reach and create new media revenue opportunities, though no deal was announced. TKO discusses expanding distribution
• Positive Sentiment: Susquehanna lowered its price target slightly, from $224 to $223, but retained a positive rating, signaling continued analyst confidence in potential upside. Susquehanna price-target update
• Neutral Sentiment: TKO says WWE and UFC events in the Middle East, including WWE’s Saudi Arabia event, remain planned despite the Iran war. The events could support revenue if they proceed, but regional uncertainty creates execution risk. TKO executive on WWE Crown Jewel in Saudi Arabia
• Negative Sentiment: Third-quarter revenue of $1.36 billion fell short of the $1.38 billion analyst estimate, and reports noted a dip in WWE revenue. These results temper the strong earnings-per-share and year-over-year growth figures. TKO Q3 results and WWE revenue
• Negative Sentiment: TKO priced a $1 billion offering of 6.5% senior secured notes due 2031. The financing provides capital but adds debt and interest costs. TKO announces senior secured notes offering

Insider Buying and Selling

In related news, insider Mark Shapiro sold 19,120 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the sale, the insider owned 147,071 shares in the company, valued at approximately $28,589,131.69. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew Schleimer sold 9,942 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the sale, the chief financial officer owned 38,051 shares in the company, valued at $7,396,733.89. This represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 97,325 shares of company stock valued at $18,798,012 in the last three months. 64.30% of the stock is currently owned by company insiders.

TKO Group Price Performance

NYSE:TKO traded up $1.06 during mid-day trading on Friday, hitting $190.20. The company’s stock had a trading volume of 1,670,246 shares, compared to its average volume of 920,042. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 51.27 and a beta of 0.66. TKO Group Holdings, Inc. has a fifty-two week low of $170.14 and a fifty-two week high of $226.94. The stock has a fifty day moving average of $182.63 and a 200-day moving average of $193.10.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 4.51 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is presently 85.18%.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of research reports. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. BTIG Research restated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a report on Wednesday, October 21st. Guggenheim increased their target price on shares of TKO Group from $228.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird decreased their target price on TKO Group from $275.00 to $250.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 18th. Finally, Seaport Research Partners reaffirmed a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.29.

TKO Group Profile

TKO Group Holdings, Inc is a global sports and entertainment company whose principal properties are UFC, the mixed martial arts organization, and WWE, the professional wrestling and sports entertainment company. TKO was formed in 2023 when Endeavor combined UFC and WWE under a single publicly traded company.

The company generates business through live events and ticket sales, media and streaming rights, sponsorships, licensing, and consumer products. UFC and WWE produce programming and events for audiences worldwide, alongside related digital content and merchandise.

TKO serves markets around the world through its events, broadcast and streaming partnerships, and commercial activities.