Ariel Emanuel Sells 24,702 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel sold 24,702 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the sale, the chief executive officer directly owned 174,334 shares of the company’s stock, valued at $33,888,786.26. The trade was a 12.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Up 5.1%

Shares of NYSE:TKO traded up $9.84 during midday trading on Wednesday, hitting $201.95. 949,299 shares of the company’s stock traded hands, compared to its average volume of 1,093,496. The firm’s fifty day moving average price is $192.69 and its two-hundred day moving average price is $196.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. TKO Group Holdings, Inc. has a twelve month low of $176.00 and a twelve month high of $226.94. The company has a market cap of $38.22 billion, a PE ratio of 70.86 and a beta of 0.63.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.07). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, equities research analysts anticipate that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.79 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio is presently 110.88%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TKO shares. Morgan Stanley increased their price objective on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital reaffirmed a “buy” rating and issued a $230.00 price target on shares of TKO Group in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Guggenheim raised their target price on TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKO. Elyxium Wealth LLC bought a new position in shares of TKO Group in the fourth quarter worth about $27,000. Cornerstone Planning Group LLC raised its position in shares of TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Torren Management LLC bought a new stake in shares of TKO Group during the 4th quarter valued at $32,000. Clearstead Advisors LLC lifted its stake in shares of TKO Group by 234.0% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after purchasing an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of TKO Group during the fourth quarter worth $38,000. 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.