TKO Group (NYSE:TKO) Insider Sells $455,812.41 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 2,271 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $6.42 during trading on Thursday, hitting $201.30. 1,132,283 shares of the stock were exchanged, compared to its average volume of 864,796. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 77.13 and a beta of 0.62. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $218.11. The company’s fifty day simple moving average is $203.47 and its 200-day simple moving average is $191.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46.

TKO Group (NYSE:TKO) last issued 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 return on equity of 2.57% and a net margin of 5.27%.The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $0.28 earnings per share. TKO Group’s quarterly revenue was down 27.3% compared to the same quarter last year. Sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.78 dividend. 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 1.5%. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio (DPR) is currently 119.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in shares of TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Ninety One UK Ltd boosted its position in TKO Group by 0.8% in the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after buying an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares in the last quarter. Invesco Ltd. grew its stake in shares of TKO Group by 26.9% during the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after buying an additional 383,325 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of TKO Group by 31.7% during the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after buying an additional 307,000 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TKO. Susquehanna reaffirmed a “positive” rating and set a $251.00 price target on shares of TKO Group in a research report on Monday, January 19th. Pivotal Research raised their target price on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Seaport Research Partners upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Guggenheim raised 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. Finally, Arete Research upgraded TKO Group to a “hold” rating in a report on Wednesday, October 15th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average 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.