TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) CFO Andrew Schleimer sold 9,942 shares of TKO Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the sale, the chief financial officer directly owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. This trade represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Trading Down 1.1%
NYSE:TKO opened at $193.34 on Friday. TKO Group Holdings, Inc. has a 1-year low of $176.00 and a 1-year high of $226.94. The business’s 50-day moving average price is $192.12 and its two-hundred day moving average price is $196.59. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $36.59 billion, a price-to-earnings ratio of 67.84 and a beta of 0.63.
TKO Group (NYSE:TKO – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.TKO Group’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. On average, equities analysts expect that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current year.
TKO Group Increases Dividend
Wall Street Analysts Forecast Growth
TKO has been the subject of several research analyst reports. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital reaffirmed a “buy” rating and set a $230.00 price objective on shares of TKO Group in a research note on Tuesday, August 4th. Guggenheim lifted their target price on TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein lowered their price target on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and an average target price of $238.08.
Get Our Latest Stock Report on TKO Group
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its holdings in shares of TKO Group by 108,668.4% during the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after acquiring an additional 1,267,073 shares during the period. State Street Corp lifted its position in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. Norges Bank acquired a new position in TKO Group in the 4th quarter worth $150,602,000. Alliancebernstein L.P. boosted its stake in TKO Group by 551.8% in the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after purchasing an additional 419,021 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in TKO Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after purchasing an additional 395,040 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.
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.
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