Insider Selling: TKO Group (NYSE:TKO) CFO Sells $45,293.28 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $178.32, for a total transaction of $45,293.28. Following the completion of the sale, the chief financial officer owned 2,028 shares of the company’s stock, valued at $361,632.96. The trade was a 11.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shane Kapral also recently made the following trade(s):

• On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total transaction of $46,624.24.

TKO Group Stock Performance

Shares of TKO Group stock opened at $193.90 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $189.48 and a 200 day simple moving average of $180.21. TKO Group Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $212.49. The firm has a market cap of $37.83 billion, a P/E ratio of 80.12 and a beta of 0.72.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.76 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. This represents a $3.04 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, September 15th. TKO Group’s dividend payout ratio (DPR) is 116.48%.

TKO Group announced that its Board of Directors has approved a share buyback program on Monday, September 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of TKO Group

Several hedge funds have recently added to or reduced their stakes in TKO. Vanguard Group Inc. grew its stake in TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock valued at $1,218,951,000 after acquiring an additional 1,295,817 shares during the period. State Street Corp increased its stake in TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Ninety One UK Ltd increased its stake in TKO Group by 2.4% during the 3rd quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after purchasing an additional 113,996 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TKO Group by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock worth $415,436,000 after buying an additional 53,818 shares during the period. Finally, Invesco Ltd. lifted its stake in TKO Group by 26.9% in the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after buying an additional 383,325 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a report on Monday. Arete Research raised shares of TKO Group to a “hold” rating in a research note on Wednesday, October 15th. Bank of America upped their target price on shares of TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, Sanford C. Bernstein increased their price target on TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $222.23.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.