Seth Krauss Sells 9,777 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 9,777 shares of TKO Group stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $207.67, for a total value of $2,030,389.59. Following the transaction, the insider owned 7,983 shares in the company, valued at approximately $1,657,829.61. The trade was a 55.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TKO Group Trading Down 1.6%

TKO stock traded down $3.32 during mid-day trading on Monday, hitting $203.62. 1,279,534 shares of the company were exchanged, compared to its average volume of 1,062,487. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $218.11. The business has a fifty day simple moving average of $196.84 and a 200-day simple moving average of $188.53. The firm has a market capitalization of $39.72 billion, a P/E ratio of 78.01 and a beta of 0.62. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is 119.54%.

TKO Group announced that its Board of Directors has approved a share buyback plan on Monday, September 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on TKO. Robert W. Baird boosted their price objective on shares of TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $218.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Cowen reiterated a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Finally, Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $226.00.

Institutional Trading of TKO Group

Several large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in shares of 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 lifted its position in TKO Group by 840.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after buying an additional 126 shares in the last quarter. Cromwell Holdings LLC lifted its position in TKO Group by 1,360.0% during 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 stake in TKO Group during the 2nd quarter worth about $34,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in TKO Group in the 2nd quarter valued at about $34,000. 89.79% of the stock is owned by institutional investors.

About TKO Group

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.