TKO Group (NYSE:TKO) CFO Shane Kapral Sells 254 Shares

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $192.82, for a total value of $48,976.28. Following the sale, the chief financial officer directly owned 1,774 shares of the company’s stock, valued at approximately $342,062.68. This represents a 12.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shane Kapral also recently made the following trade(s):

• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $178.32, for a total value of $45,293.28.
• On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $183.56, for a total transaction of $46,624.24.

TKO Group Stock Up 0.5%

Shares of NYSE:TKO opened at $195.67 on Thursday. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $212.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $38.17 billion, a PE ratio of 74.76 and a beta of 0.65. The firm has a 50 day simple moving average of $189.19 and a 200 day simple moving average of $181.00.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. As a group, research analysts expect 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 buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of TKO Group

Several hedge funds have recently added to or reduced their stakes in TKO. Whittier Trust Co. increased its position in TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after buying an additional 105 shares during the period. Golden State Wealth Management LLC grew its stake in shares of TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after acquiring an additional 126 shares during the last quarter. Cromwell Holdings LLC increased 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 acquiring an additional 136 shares during the period. Hemington Wealth Management increased its position in TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 136 shares during the period. Finally, Atlantic Union Bankshares Corp raised its stake in TKO Group by 1,680.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock valued at $36,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

TKO has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of TKO Group from $165.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Citigroup upped their target price on TKO Group from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Zacks Research lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Sanford C. Bernstein lifted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $222.85.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.