Shane Kapral Sells 254 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $202.41, for a total transaction of $51,412.14. Following the completion of the sale, the chief financial officer directly owned 1,520 shares of the company’s stock, valued at approximately $307,663.20. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shane Kapral also recently made the following trade(s):

• On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $192.82, for a total transaction of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $178.32, for a total transaction of $45,293.28.
• On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total transaction of $46,624.24.

TKO Group Trading Down 3.4%

TKO stock traded down $6.89 during midday trading on Tuesday, reaching $196.93. 1,217,556 shares of the company traded hands, compared to its average volume of 1,058,235. The business has a 50 day moving average of $189.22 and a 200-day moving average of $182.29. The firm has a market capitalization of $38.42 billion, a price-to-earnings ratio of 75.45 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $212.49.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The firm’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be paid a $0.78 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is currently 116.48%.

TKO Group declared that its board has approved a share repurchase program on Monday, September 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of TKO Group

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its stake in TKO Group by 350.0% during the second quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 105 shares during the last quarter. Golden State Wealth Management LLC grew its position in TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares during the last quarter. Cromwell Holdings LLC grew its holdings in TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after buying an additional 136 shares in the last quarter. Eastern Bank bought a new position in shares of TKO Group in the second quarter worth $34,000. Finally, CYBER HORNET ETFs LLC acquired a new position in TKO Group during the 2nd quarter valued at about $34,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TKO. BTIG Research restated a “buy” rating and set a $235.00 target price on shares of TKO Group in a research note on Tuesday, November 18th. Roth Capital boosted their price target on TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Baird R W upgraded shares of TKO Group to a “strong-buy” rating in a research report on Friday, September 5th. Robert W. Baird increased their price target on shares of TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. Finally, Bank of America lifted their price objective on TKO Group from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.43.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.