TKO Group (NYSE:TKO) Insider Sells $1,144,627.68 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 5,712 shares of TKO Group stock in a transaction on Friday, January 9th. The shares were sold at an average price of $200.39, for a total transaction of $1,144,627.68. Following the completion of the sale, the insider owned 2,271 shares in the company, valued at $455,085.69. The trade was a 71.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TKO Group Stock Performance

NYSE:TKO traded up $9.39 on Tuesday, hitting $208.48. The company’s stock had a trading volume of 1,218,015 shares, compared to its average volume of 894,405. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $218.11. The stock has a fifty day moving average of $198.61 and a two-hundred day moving average of $189.63. The firm has a market capitalization of $40.67 billion, a P/E ratio of 79.88 and a beta of 0.62.

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

TKO Group declared that its Board of Directors has approved a share buyback plan on Monday, September 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. 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. TKO Group’s payout ratio is presently 119.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TKO shares. Arete Research upgraded TKO Group to a “hold” rating in a report on Wednesday, October 15th. UBS Group boosted their price target on TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Susquehanna boosted their target price on shares of TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research report on Wednesday, December 10th. Finally, Pivotal Research upped their price target on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently modified their holdings of TKO. State Street Corp boosted its holdings in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. Norges Bank acquired a new stake in TKO Group in the 2nd quarter valued at $132,441,000. Ninety One UK Ltd raised its holdings in TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after buying an additional 611,233 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of TKO Group in the second quarter valued at $82,056,000. Finally, Alliancebernstein L.P. increased its holdings in TKO Group by 551.8% during the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after purchasing an additional 419,021 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

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.