TKO Group Holdings, Inc. $TKO Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 195.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,200 shares of the company’s stock after purchasing an additional 4,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TKO Group were worth $1,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Motley Fool Asset Management LLC bought a new stake in shares of TKO Group during the third quarter worth $1,802,000. Moody Aldrich Partners LLC increased its position in TKO Group by 29.5% in the 3rd quarter. Moody Aldrich Partners LLC now owns 1,550 shares of the company’s stock valued at $279,000 after acquiring an additional 353 shares in the last quarter. Asset Management One Co. Ltd. increased its position in TKO Group by 2.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,665 shares of the company’s stock valued at $479,000 after acquiring an additional 64 shares in the last quarter. Inspire Investing LLC raised its stake in shares of TKO Group by 1.8% in the third quarter. Inspire Investing LLC now owns 10,493 shares of the company’s stock worth $1,886,000 after acquiring an additional 186 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of TKO Group by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 36,547 shares of the company’s stock worth $6,568,000 after acquiring an additional 1,308 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Key TKO Group News

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 analyst consensus and up from $0.50 a year earlier. The company also raised its full-year guidance again. TKO Raises Guidance Again As UFC Powers Q3 Earnings
• Positive Sentiment: UFC revenue surged 60% year over year, helping drive the earnings beat; UFC generated $519.2 million in revenue during the quarter. Killer Q3 For UFC Helps TKO Beat Wall Street Earnings Forecasts
• Negative Sentiment: Revenue of $1.36 billion came in slightly below the $1.38 billion analyst estimate. Reports attributed the shortfall in part to a slowdown at WWE, which partially offset UFC’s strong performance. TKO Group Profit Jumps on Media Rights Revenue

Analyst Upgrades and Downgrades

TKO has been the subject of several analyst reports. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. The Goldman Sachs Group cut their price objective on shares of TKO Group from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Seaport Research Partners reaffirmed a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Citigroup reaffirmed a “market outperform” rating on shares of TKO Group in a report on Tuesday, October 27th. Finally, Morgan Stanley lifted their target price on shares of TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $228.65.

TKO Group Stock Up 3.2%

TKO opened at $193.25 on Thursday. The stock’s fifty day simple moving average is $182.51 and its 200 day simple moving average is $193.25. 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 stock has a market cap of $36.58 billion, a PE ratio of 67.81 and a beta of 0.66. TKO Group Holdings, Inc. has a 1-year low of $170.14 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.43 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group’s payout ratio is 110.88%.

Insider Activity at TKO Group

In other TKO Group news, CEO Ariel Emanuel sold 24,702 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 $4,801,821.78. Following the completion of the transaction, the chief executive officer owned 174,334 shares of the company’s stock, valued at $33,888,786.26. This represents a 12.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,189 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $175.19, for a total transaction of $1,609,820.91. Following the transaction, the director directly owned 20,162 shares of the company’s stock, valued at $3,532,180.78. The trade was a 31.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 97,325 shares of company stock worth $18,798,012. Corporate insiders own 64.30% of the company’s stock.

TKO Group Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.