TKO Group (NYSE:TKO) Insider Sells $2,901,038.74 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark Shapiro sold 14,363 shares of TKO Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,901,038.74. Following the completion of the sale, the insider owned 118,400 shares in the company, valued at approximately $23,914,432. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TKO Group Trading Down 2.0%

Shares of NYSE:TKO traded down $4.07 on Thursday, hitting $200.35. The company had a trading volume of 969,942 shares, compared to its average volume of 783,191. The firm’s 50-day simple moving average is $201.78 and its two-hundred day simple moving average is $190.77. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 76.76 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 Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11.

TKO Group (NYSE:TKO) last released 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 company had revenue of $1.12 billion during 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%.TKO Group’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. Equities analysts anticipate 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 disclosed 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. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. TKO Group’s payout ratio is 119.54%.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. grew its holdings in shares of TKO Group by 20.9% in the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock worth $110,084,000 after acquiring an additional 94,100 shares during the period. Ninety One UK Ltd boosted its position in TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in TKO Group by 558.3% in the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock worth $6,734,000 after purchasing an additional 28,277 shares during the last quarter. Moran Wealth Management LLC grew its stake in shares of TKO Group by 95.2% during the 3rd quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock valued at $7,885,000 after purchasing an additional 19,040 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of TKO Group by 387.1% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,691 shares of the company’s stock valued at $1,399,000 after purchasing an additional 6,112 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TKO. Sanford C. Bernstein increased their price target on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wolfe Research reiterated an “outperform” rating and set a $227.00 target price on shares of TKO Group in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Finally, BTIG Research raised their price objective on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $227.73.

TKO Group Company 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.