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 the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 2,271 shares in the company, valued at approximately $455,085.69. The trade was a 71.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TKO Group Stock Up 4.7%

TKO stock traded up $9.39 during trading hours 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 stock has a 50 day moving average price of $198.61 and a two-hundred day moving average price of $189.63. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $218.11. The company has a market capitalization of $40.67 billion, a PE ratio of 79.88 and a beta of 0.62. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. On average, equities 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 has authorized a share buyback program on Monday, September 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio is 119.54%.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKO. State Street Corp lifted its holdings in shares of TKO Group by 20.3% in the third 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 raised its position in TKO Group by 2.4% in the 3rd quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock valued at $1,002,530,000 after buying an additional 113,996 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TKO Group by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock valued at $415,436,000 after acquiring an additional 53,818 shares in the last quarter. Invesco Ltd. boosted its position in TKO Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after acquiring an additional 383,325 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of TKO Group by 31.7% during the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after acquiring an additional 307,000 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TKO has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Arete Research upgraded TKO Group to a “hold” rating in a research report on Wednesday, October 15th. UBS Group boosted their target price on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Guggenheim boosted their price target on shares of TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, BTIG Research lifted their target price on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

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.