TKO Group (NYSE:TKO) Insider Seth Krauss Sells 2,271 Shares

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 2,271 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TKO Group Trading Up 3.3%

Shares of TKO stock opened at $201.30 on Friday. The company has a market capitalization of $39.27 billion, a P/E ratio of 77.13 and a beta of 0.62. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $203.47 and its two-hundred day moving average is $191.74. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $218.11.

TKO Group (NYSE:TKO) last issued 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). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio (DPR) is presently 119.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions 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 shares of TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after purchasing an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TKO Group by 54.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares in the last quarter. Invesco Ltd. grew its holdings in TKO Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after buying an additional 383,325 shares during the last quarter. Finally, UBS Group AG increased its position in TKO Group by 31.7% during the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after buying an additional 307,000 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

TKO has been the topic of several recent analyst reports. Sanford C. Bernstein boosted their target price on TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Arete Research raised TKO Group to a “hold” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price 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, BTIG Research upped their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $227.73.

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.