Seth Krauss Sells 5,712 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 5,712 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $200.39, for a total transaction of $1,144,627.68. Following the completion of the transaction, the insider directly owned 2,271 shares of the company’s stock, valued at approximately $455,085.69. This represents a 71.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

TKO Group Price Performance

NYSE TKO opened at $208.12 on Thursday. The company has a market cap of $40.60 billion, a price-to-earnings ratio of 79.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s fifty day moving average price is $199.02 and its 200 day moving average price is $189.76. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The business’s revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.78 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date 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%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TKO shares. UBS Group upped their price objective on shares of TKO Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research report on Thursday, December 18th. Cowen reaffirmed a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Pivotal Research lifted their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, BTIG Research boosted their price objective on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $226.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Somerset Trust Co grew its position in shares of TKO Group by 2.5% during the 3rd quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after acquiring an additional 53 shares during the period. CWM LLC boosted its position in TKO Group by 7.3% during the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after purchasing an additional 54 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in TKO Group by 6.3% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after purchasing an additional 56 shares during the period. Simon Quick Advisors LLC increased its position in shares of TKO Group by 0.9% in the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,485,000 after buying an additional 62 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of TKO Group by 48.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock valued at $39,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.