Shane Kapral Sells 254 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $206.44, for a total transaction of $52,435.76. Following the transaction, the chief financial officer directly owned 1,266 shares of the company’s stock, valued at $261,353.04. This trade represents a 16.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shane Kapral also recently made the following trade(s):

• On Monday, December 8th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $202.41, for a total transaction of $51,412.14.
• On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $192.82, for a total value of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $178.32, for a total value of $45,293.28.
• On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total value of $46,624.24.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $211.83 on Thursday. The business has a 50-day moving average of $190.33 and a two-hundred day moving average of $184.16. The firm has a market capitalization of $41.32 billion, a PE ratio of 81.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $216.14.

TKO Group (NYSE:TKO) last issued its earnings results 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 return on equity of 2.57% and a net margin of 5.27%.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 previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s payout ratio is 119.54%.

TKO Group declared that its Board of Directors has approved a share buyback plan on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in TKO. State Street Corp increased its stake 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 worth $1,060,106,000 after buying an additional 887,401 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of TKO Group by 2.4% in the 3rd quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock valued at $1,002,530,000 after purchasing an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 2.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock worth $415,436,000 after purchasing an additional 53,818 shares during the last quarter. Invesco Ltd. grew its stake in TKO Group by 26.9% in the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after purchasing an additional 383,325 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in TKO Group by 242.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after buying an additional 1,059,636 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TKO. Sanford C. Bernstein increased their price target on TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 6th. UBS Group upped their target price on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. TD Cowen raised their target price on TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a report on Monday, December 8th. BTIG Research restated a “buy” rating on shares of TKO Group in a report on Thursday. Finally, Morgan Stanley lifted their price objective on shares of TKO Group from $165.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $224.67.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.