TKO Group (NYSE:TKO) Insider Buys $1,999,835.35 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark Shapiro purchased 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.05 per share, with a total value of $1,999,835.35. Following the purchase, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Down 1.4%

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

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

TKO Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on TKO. Citizens Jmp began coverage on shares of TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective on the stock. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Susquehanna reissued a “positive” rating and set a $251.00 price objective on shares of TKO Group in a report on Monday, January 19th. Finally, Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $233.73.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in shares of TKO Group in the 4th quarter valued at $27,000. Cornerstone Planning Group LLC increased its holdings in shares of TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Torren Management LLC acquired a new position in shares of TKO Group in the 4th quarter valued at $32,000. Aventura Private Wealth LLC acquired a new position in shares of TKO Group in the 4th quarter valued at $35,000. Finally, Clearstead Advisors LLC increased its holdings in shares of TKO Group by 234.0% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 124 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

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.