Mark Shapiro Buys 10,807 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) insider Mark Shapiro purchased 10,807 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the purchase, the insider directly owned 129,207 shares in the company, valued at approximately $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Up 0.2%

Shares of NYSE:TKO traded up $0.38 during midday trading on Wednesday, reaching $183.71. The company had a trading volume of 885,614 shares, compared to its average volume of 1,210,616. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average price is $195.25 and its 200 day moving average price is $198.66. The stock has a market cap of $35.66 billion, a PE ratio of 68.55 and a beta of 0.57. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94.

TKO Group (NYSE:TKOGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.TKO Group’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. Research analysts forecast that TKO Group Holdings, Inc. will post 5 EPS for the current fiscal year.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is currently 116.42%.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of TKO Group during the fourth quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Torren Management LLC bought a new stake in shares of TKO Group during the fourth quarter worth approximately $32,000. Aventura Private Wealth LLC bought a new stake in shares of TKO Group during the fourth quarter worth approximately $35,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of TKO Group by 234.0% during the fourth quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 124 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TKO. JPMorgan Chase & Co. lifted their target price on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Pivotal Research lifted their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Citizens Jmp began coverage on TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price on the stock. Finally, UBS Group lifted their target price on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.73.

View Our Latest Stock Report on TKO

TKO Group Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for TKO Group (NYSE:TKO)

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