TKO Group (NYSE:TKO) Insider Sells $455,812.41 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 2,271 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

TKO Group Stock Performance

TKO Group stock opened at $202.82 on Friday. The firm has a market capitalization of $39.57 billion, a PE ratio of 77.71 and a beta of 0.62. TKO Group Holdings, Inc. has a one year low of $133.07 and a one year high of $218.11. The stock’s 50 day moving average price is $203.96 and its 200 day moving average price is $192.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 net margin of 5.27% and a return on equity of 2.57%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is currently 119.54%.

Analyst Ratings Changes

TKO has been the topic of several recent analyst reports. Pivotal Research boosted their price target on TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Susquehanna reaffirmed a “positive” rating and issued a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Wolfe Research reiterated an “outperform” rating and set a $227.00 target price on shares of TKO Group in a research note on Monday, December 15th. BTIG Research lifted 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. Finally, Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $227.73.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares during the period. Ninety One UK Ltd lifted its position in shares of TKO Group by 0.8% in the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after buying an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of 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 during the period. Invesco Ltd. boosted its holdings in shares of TKO Group by 26.9% in 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 period. Finally, UBS Group AG grew its position 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 valued at $257,326,000 after buying an additional 307,000 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

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.