Insider Selling: TKO Group (NYSE:TKO) CFO Sells 254 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $206.44, for a total transaction of $52,435.76. Following the transaction, the chief financial officer directly owned 1,266 shares in the company, valued at approximately $261,353.04. This represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 8th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $202.41, for a total value of $51,412.14.
• On Monday, December 1st, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $192.82, for a total transaction of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $178.32, for a total value of $45,293.28.
• On Monday, November 17th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $183.56, for a total transaction of $46,624.24.

TKO Group Stock Performance

TKO traded up $3.68 on Tuesday, hitting $211.13. The company’s stock had a trading volume of 1,578,313 shares, compared to its average volume of 1,119,934. The firm has a market cap of $41.19 billion, a P/E ratio of 80.89 and a beta of 0.65. The company’s 50 day simple moving average is $189.97 and its 200-day simple moving average is $183.96. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $213.23. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.

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

TKO Group announced that its Board of Directors has authorized a stock buyback plan on Monday, September 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a dividend of $0.78 per share. The ex-dividend date is Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio (DPR) is currently 119.54%.

Analysts Set New Price Targets

Several analysts recently issued reports on TKO shares. UBS Group raised their target price on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Morgan Stanley upped their price objective on shares of TKO Group from $165.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Cowen reaffirmed a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Pivotal Research increased their price target on shares of TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Two equities research 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 stock. Based on data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average target price of $224.67.

Hedge Funds Weigh In On TKO Group

A number of hedge funds have recently bought and sold shares of TKO. Whittier Trust Co. lifted its position in TKO Group by 350.0% during the second quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 105 shares during the period. Golden State Wealth Management LLC raised its stake in TKO Group by 840.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the period. Eastern Bank purchased a new position in shares of TKO Group in the 2nd quarter worth $34,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of TKO Group in the second quarter worth $34,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.