Shane Kapral Sells 224 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) CFO Shane Kapral sold 224 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $201.47, for a total transaction of $45,129.28. Following the completion of the transaction, the chief financial officer directly owned 3,880 shares in the company, valued at $781,703.60. This represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, January 5th, Shane Kapral sold 1,946 shares of TKO Group stock. The stock was sold at an average price of $204.21, for a total value of $397,392.66.
  • On Monday, December 29th, Shane Kapral sold 253 shares of TKO Group stock. The shares were 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 stock was 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 shares were sold at an average price of $202.41, for a total transaction 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 transaction 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 transaction 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 Down 1.3%

TKO opened at $199.51 on Friday. The stock’s 50 day moving average price is $197.97 and its 200 day moving average price is $189.08. 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 has a market cap of $38.92 billion, a P/E ratio of 76.44 and a beta of 0.62. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $218.11.

TKO Group (NYSE:TKOGet Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. As a group, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

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 paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. 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%.

TKO Group declared that its board has initiated 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 repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of TKO. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in TKO Group by 368.8% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock worth $8,949,000 after purchasing an additional 38,695 shares during the period. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 14.4% in the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after purchasing an additional 611,233 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of TKO Group by 20.9% in the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after purchasing an additional 94,100 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of TKO Group in the first quarter worth $6,138,000. Finally, Royal Bank of Canada grew its holdings in shares of TKO Group by 26.6% during the first quarter. Royal Bank of Canada now owns 115,502 shares of the company’s stock valued at $17,650,000 after buying an additional 24,245 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on TKO. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Morgan Stanley set a $210.00 price objective on TKO Group in a research note on Thursday, December 18th. BTIG Research raised their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. UBS Group lifted their target price on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $218.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

View Our Latest Report on TKO

About TKO Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for TKO Group (NYSE:TKO)

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