TKO Group (NYSE:TKO) Insider Sells $6,535,049.76 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark Shapiro sold 32,022 shares of TKO Group stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the completion of the transaction, the insider owned 104,842 shares of the company’s stock, valued at $21,396,155.36. This trade represents a 23.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

TKO Group Stock Down 1.6%

TKO stock traded down $3.32 during midday trading on Monday, hitting $203.62. The company’s stock had a trading volume of 1,279,534 shares, compared to its average volume of 1,062,487. The firm has a 50-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 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 (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The firm’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group announced that its Board of Directors has authorized a share buyback plan on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

TKO Group Increases Dividend

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

Institutional Investors Weigh In On TKO Group

Several large investors have recently modified their holdings of the company. Whittier Trust Co. boosted its position in shares of TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 105 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in TKO Group by 840.0% during the second 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 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 worth $29,000 after buying an additional 136 shares during the period. Eastern Bank acquired a new position in TKO Group during the second quarter worth about $34,000. Finally, CYBER HORNET ETFs LLC purchased a new position in TKO Group in the second quarter valued at about $34,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TKO. Susquehanna increased their target price on TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a report on Wednesday, December 10th. Guggenheim increased their price objective on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Cowen reissued a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. JPMorgan Chase & Co. upped their price target on TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Finally, BTIG Research upped their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $226.00.

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.