TKO Group (NYSE:TKO) CFO Acquires $499,946.24 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer acquired 2,696 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the transaction, the chief financial officer directly owned 30,240 shares in the company, valued at $5,607,705.60. The trade was a 9.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Performance

Shares of TKO Group stock opened at $189.88 on Friday. The firm has a market capitalization of $36.86 billion, a P/E ratio of 70.85 and a beta of 0.57. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average price of $193.36 and a 200 day moving average price of $198.61. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. Sell-side analysts expect that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is presently 116.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citizens Jmp assumed coverage on shares of TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. TD Cowen increased their price objective on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Roth Mkm set a $228.00 price objective on shares of TKO Group in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $233.73.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its stake 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 worth $28,000 after purchasing an additional 125 shares during the period. Torren Management LLC acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in shares of TKO Group during the 2nd quarter worth approximately $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

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.