TKO Group (NYSE:TKO) Insider Sells $2,820,299.52 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 14,016 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the transaction, the insider owned 2,271 shares in the company, valued at $456,970.62. This represents a 86.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TKO Group Price Performance

TKO traded down $4.07 during trading on Thursday, reaching $200.35. The stock had a trading volume of 969,942 shares, compared to its average volume of 783,191. The stock has a 50 day moving average of $201.78 and a two-hundred day moving average of $190.77. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 76.76 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.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.12 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. TKO Group’s revenue was down 27.3% on a year-over-year basis. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

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 issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is presently 119.54%.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently bought and sold shares of TKO. Congress Asset Management Co. boosted its holdings in shares of TKO Group by 20.9% during the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock worth $110,084,000 after purchasing an additional 94,100 shares during the period. Ninety One UK Ltd increased its stake in TKO Group by 14.4% in 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. Nisa Investment Advisors LLC lifted its position in TKO Group by 558.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock worth $6,734,000 after buying an additional 28,277 shares in the last quarter. Moran Wealth Management LLC lifted its position in TKO Group by 95.2% in the 3rd quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock worth $7,885,000 after buying an additional 19,040 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of TKO Group by 387.1% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,691 shares of the company’s stock valued at $1,399,000 after buying an additional 6,112 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Susquehanna reaffirmed a “positive” rating and issued a $251.00 price target on shares of TKO Group in a report on Monday. Seaport Research Partners upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Arete Research raised TKO Group to a “hold” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. increased their price target on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $227.73.

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.