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 company’s stock in a transaction 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 completion of the sale, the insider directly owned 2,271 shares in the company, valued at $456,970.62. This represents a 86.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TKO Group Stock Down 2.0%

TKO stock traded down $4.07 during mid-day trading on Thursday, hitting $200.35. 969,942 shares of the company were exchanged, compared to its average volume of 783,191. The firm has a fifty day simple moving average of $201.78 and a 200 day simple moving average of $190.77. The company has a market capitalization of $39.08 billion, a PE ratio of 76.76 and a beta of 0.62. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $218.11. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS 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 the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. On average, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal 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 issued a $0.78 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 119.54%.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the business. Amundi increased its holdings in shares of TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares during the period. AQR Capital Management LLC lifted its holdings in TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after purchasing an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after buying an additional 8,595 shares in the last quarter. United Services Automobile Association acquired a new position in TKO Group during the 1st quarter valued at about $218,000. Finally, Geneos Wealth Management Inc. increased its stake in TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after buying an additional 286 shares during the period. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TKO. Morgan Stanley set a $210.00 price objective on shares of TKO Group in a report on Thursday, December 18th. Pivotal Research lifted their price target on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Seaport Research Partners raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein increased their price objective on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group 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.