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

by · The Cerbat Gem

TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) insider Mark Shapiro sold 32,022 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the sale, the insider directly owned 104,842 shares in the company, valued at $21,396,155.36. This represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TKO Group Stock Performance

NYSE:TKO opened at $202.85 on Thursday. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $218.11. The firm has a 50 day simple moving average of $197.46 and a 200-day simple moving average of $188.82. The firm has a market cap of $39.57 billion, a PE ratio of 77.72 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46.

TKO Group (NYSE:TKO – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.47 EPS 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 during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue was down 27.3% on a year-over-year basis. On average, equities analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group declared that its board has authorized a stock buyback program on Monday, September 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

TKO Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TKO shares. TD Cowen increased their price objective on shares of TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, December 8th. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $218.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Susquehanna boosted their price objective on shares of TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, December 10th. Guggenheim increased their target price on TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley set a $210.00 price target on TKO Group in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Read Our Latest Analysis on TKO Group

Institutional Inflows and Outflows

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

TKO Group Company Profile

(Get Free Report)

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.

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