TKO Group (NYSE:TKO) Insider Mark Shapiro Sells 32,022 Shares

TKO Group Holdings, Inc. (NYSE:TKO) insider Mark Shapiro sold 32,022 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the completion of the sale, the insider owned 104,842 shares of the company’s stock, valued at $21,396,155.36. This trade represents a 23.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $203.62 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $218.11. The company has a market capitalization of $39.72 billion, a price-to-earnings ratio of 78.01 and a beta of 0.62. The firm’s 50-day moving average is $196.84 and its 200 day moving average is $188.53.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. Research analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group announced that its board has authorized a share repurchase program on Monday, September 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.78 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 annualized dividend and a yield of 1.5%. TKO Group’s dividend payout ratio is currently 119.54%.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of TKO Group by 20.3% in the 3rd 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. Norges Bank purchased a new position in TKO Group in the second quarter worth $132,441,000. Ninety One UK Ltd increased its position in shares of TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of TKO Group during the 2nd quarter valued at $82,056,000. Finally, Alliancebernstein L.P. boosted its position in shares of 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 in the last quarter. Institutional investors own 89.79% of the company’s stock.

Key TKO Group News

Here are the key news stories impacting TKO Group this week:

• Negative Sentiment: CFO Shane Kapral sold 1,946 shares at an average price of $204.21 for ~$397K, reducing his holding by 32.17%. SEC Filing – Kapral Sale
• Negative Sentiment: CFO Andrew M. Schleimer sold 5,739 shares at $204.08 for ~$1.17M, trimming his stake by 26.11%. SEC Filing – Schleimer Sale
• Negative Sentiment: Insider Seth D. Krauss sold 9,777 shares at $207.67 for ~$2.03M, a 55.05% reduction in his direct ownership. SEC Filing – Krauss Sale
• Negative Sentiment: Insider Mark S. Shapiro sold 32,022 shares at $204.08 for ~$6.54M, reducing his position by 23.40%. SEC Filing – Shapiro Sale
• Negative Sentiment: Director Nick Khan sold 37,425 shares at $204.01 for ~$7.64M, a 23.35% reduction in his holdings. SEC Filing – Khan Sale

Analysts Set New Price Targets

Several research firms recently commented on TKO. Susquehanna raised their price target on shares of TKO Group from $229.00 to $230.00 and gave the stock a “positive” rating in a research note on Wednesday, December 10th. Arete Research raised shares of TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. TD Cowen raised their price objective on TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Robert W. Baird upped their target price on TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

TKO Group Company Profile

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.