Insider Selling: TKO Group (NYSE:TKO) CFO Sells 224 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 224 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $201.47, for a total value of $45,129.28. Following the completion of the sale, the chief financial officer directly owned 3,880 shares in the company, valued at approximately $781,703.60. This represents a 5.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, January 5th, Shane Kapral sold 1,946 shares of TKO Group stock. The shares were sold at an average price of $204.21, for a total transaction of $397,392.66.
• On Monday, December 29th, Shane Kapral sold 253 shares of TKO Group stock. The shares were sold at an average price of $216.36, for a total transaction of $54,739.08.
• On Monday, December 22nd, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $214.08, for a total transaction of $54,376.32.
• On Monday, December 15th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $206.44, for a total value of $52,435.76.
• On Monday, December 8th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $202.41, for a total transaction of $51,412.14.
• On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $192.82, for a total value of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The shares were 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 0.5%

Shares of TKO Group stock traded down $0.92 on Thursday, reaching $201.99. 673,703 shares of the company’s stock were exchanged, compared to its average volume of 987,705. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $39.40 billion, a P/E ratio of 77.39 and a beta of 0.62. The firm’s 50-day moving average is $197.74 and its two-hundred day moving average is $188.91. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company posted $0.28 EPS. TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.78 dividend. The ex-dividend date was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio (DPR) is 119.54%.

TKO Group declared that its board has authorized a share repurchase plan on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

TKO has been the topic of several analyst reports. Cowen reaffirmed a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Susquehanna increased their price objective on shares of TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $218.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Guggenheim increased their price target on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $226.00.

Institutional Trading of TKO Group

Hedge funds have recently made changes to their positions 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% during the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after acquiring an additional 126 shares during the last quarter. Cromwell Holdings LLC grew its position in TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Eastern Bank purchased a new position in shares of TKO Group during the second quarter worth approximately $34,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of TKO Group in the 2nd quarter worth approximately $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.