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

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $183.56, for a total transaction of $46,624.24. Following the completion of the sale, the chief financial officer directly owned 2,282 shares in the company, valued at approximately $418,883.92. This represents a 10.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TKO Group Trading Up 1.0%

Shares of TKO stock traded up $1.90 during trading hours on Wednesday, reaching $188.46. 1,193,253 shares of the stock were exchanged, compared to its average volume of 1,273,811. The firm has a market capitalization of $37.37 billion, a price-to-earnings ratio of 77.88 and a beta of 0.72. TKO Group Holdings, Inc. has a 12-month low of $130.16 and a 12-month high of $212.49. The company’s 50-day moving average price is $191.67 and its 200-day moving average price is $179.30. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. TKO Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, September 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio (DPR) is presently 116.48%.

TKO Group announced that its Board of Directors has initiated a share buyback plan on Monday, September 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TKO shares. Arete Research upgraded TKO Group to a “hold” rating in a report on Wednesday, October 15th. Robert W. Baird raised their price target on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Guggenheim lifted their price objective on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Baird R W upgraded shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $222.23.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. Vanguard Group Inc. grew its position in shares of TKO Group by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after buying an additional 1,295,817 shares during the last quarter. State Street Corp grew 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 last quarter. Ninety One UK Ltd grew its holdings in TKO Group by 2.4% in the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after purchasing an additional 113,996 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of 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 purchasing an additional 383,325 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Company Profile

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.