Hsbc Holdings PLC Acquires 29,076 Shares of TKO Group Holdings, Inc. $TKO

Hsbc Holdings PLC lifted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 38.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 105,333 shares of the company’s stock after acquiring an additional 29,076 shares during the period. Hsbc Holdings PLC’s holdings in TKO Group were worth $22,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CreativeOne Wealth LLC boosted its stake in TKO Group by 2.1% in the fourth quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after buying an additional 54 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in TKO Group by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after acquiring an additional 56 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of TKO Group by 2.7% in the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after acquiring an additional 56 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of TKO Group by 6.3% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock worth $192,000 after acquiring an additional 56 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of TKO Group by 29.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock valued at $52,000 after purchasing an additional 57 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ariel Emanuel bought 10,805 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark S. Shapiro bought 10,807 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the acquisition, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their position. 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. Insiders acquired 24,308 shares of company stock valued at $4,499,679 in the last quarter. 64.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Roth Capital set a $228.00 target price on shares of TKO Group in a research report on Monday, May 4th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Citizens Jmp initiated coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $233.73.

TKO Group Stock Up 0.6%

NYSE:TKO opened at $193.49 on Wednesday. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $37.56 billion, a PE ratio of 72.20 and a beta of 0.60. The firm’s 50 day simple moving average is $196.48 and its 200 day simple moving average is $200.96.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion during 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 company’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. On average, research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.79 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.

TKO Group 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.