TKO Group (NYSE:TKO) Insider Sells $3,716,736.80 in Stock

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) insider Mark Shapiro sold 19,120 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the sale, the insider owned 147,071 shares of the company’s stock, valued at approximately $28,589,131.69. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Price Performance

TKO opened at $193.34 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. TKO Group Holdings, Inc. has a 52-week low of $176.00 and a 52-week high of $226.94. The stock has a market capitalization of $36.59 billion, a PE ratio of 67.84 and a beta of 0.63. The stock’s 50 day moving average price is $192.12 and its 200-day moving average price is $196.59.

TKO Group (NYSE:TKOGet Free Report) last announced its earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $1.17 EPS. TKO Group’s revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 5.18 EPS for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

Institutional Trading of TKO Group

A number of hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in shares of TKO Group in the 4th quarter worth about $27,000. Cornerstone Planning Group LLC increased its stake in shares of TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC purchased a new position in TKO Group during the 4th quarter valued at about $32,000. Clearstead Advisors LLC lifted its position in TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in TKO Group during the fourth quarter worth about $38,000. Institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TKO. Roth Capital reaffirmed a “buy” rating and set a $230.00 target price on shares of TKO Group in a research note on Tuesday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Sanford C. Bernstein lowered their price objective on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Guggenheim lifted their price objective on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.08.

Check Out Our Latest Report on TKO Group

About TKO Group

(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.

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

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