Insider Selling: TKO Group (NYSE:TKO) CFO Sells $397,392.66 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 1,946 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $204.21, for a total transaction of $397,392.66. Following the transaction, the chief financial officer owned 4,104 shares of the company’s stock, valued at approximately $838,077.84. This trade represents a 32.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 29th, Shane Kapral sold 253 shares of TKO Group stock. The stock was sold at an average price of $216.36, for a total value of $54,739.08.
• On Monday, December 22nd, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $214.08, for a total value of $54,376.32.
• On Monday, December 15th, Shane Kapral sold 254 shares of TKO Group stock. The shares were sold at an average price of $206.44, for a total value of $52,435.76.
• 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 stock was sold at an average price of $192.82, for a total value of $48,976.28.
• On Monday, November 24th, Shane Kapral sold 254 shares of TKO Group stock. The shares were 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 Price Performance

TKO Group stock opened at $202.85 on Thursday. The company has a fifty day simple moving average of $197.46 and a 200-day simple moving average of $188.82. The firm has a market capitalization of $39.57 billion, a price-to-earnings ratio of 77.72 and a beta of 0.62. 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 Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $218.11.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The business 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 quarter in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group announced that its board has approved a stock repurchase plan on Monday, September 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

TKO Group Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State Street Corp increased its position in shares of TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of 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 during the period. Massachusetts Financial Services Co. MA increased its holdings in TKO Group by 2.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company’s stock valued at $415,436,000 after purchasing an additional 53,818 shares during the last quarter. Invesco Ltd. raised its position 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 purchasing an additional 383,325 shares during the period. Finally, UBS Group AG lifted its stake in TKO Group by 31.7% during the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after purchasing an additional 307,000 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TKO shares. Wolfe Research restated an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a report on Monday, December 15th. Robert W. Baird boosted their price target on shares of TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. Cowen restated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Arete Research raised shares of TKO Group to a “hold” rating in a research note on Wednesday, October 15th. Finally, TD Cowen increased their price target on shares of TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

About TKO Group

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.