TKO Group (NYSE:TKO) Insider Sells 19,120 Shares of Stock

Key Points

• TKO insider Mark Shapiro sold 19,120 shares at an average price of $194.39, generating approximately $3.72 million. The sale covered tax withholding tied to vested equity awards and reduced his ownership by 11.5%.
• TKO shares rose 5.1% to $201.95, while the company’s latest quarterly revenue increased 18.2% year over year to $1.55 billion. However, quarterly EPS of $1.34 fell short of analysts’ $1.41 estimate.
• Analysts maintain a generally positive view, with an average “Moderate Buy” rating and a consensus price target of $238.08; institutional investors and hedge funds own 89.79% of the stock.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) insider Mark Shapiro sold 19,120 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the transaction, the insider directly owned 147,071 shares of the company's stock, valued at approximately $28,589,131.69. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Up 5.1%

Shares of NYSE:TKO traded up $9.84 during trading on Wednesday, hitting $201.95. 949,299 shares of the company's stock traded hands, compared to its average volume of 1,093,496. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $192.69 and a 200-day moving average price of $196.66. TKO Group Holdings, Inc. has a 52 week low of $176.00 and a 52 week high of $226.94. The company has a market cap of $38.22 billion, a price-to-earnings ratio of 70.86 and a beta of 0.63.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $1.17 earnings per share. The business's quarterly revenue was up 18.2% on a year-over-year basis. As a group, research analysts forecast that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. This is an increase from TKO Group's previous quarterly dividend of $0.78. TKO Group's dividend payout ratio (DPR) is 110.88%.

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of analyst reports. Guggenheim raised their price target on TKO Group from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Roth Capital reissued a "buy" rating and set a $230.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. Wall Street Zen upgraded TKO Group from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Morgan Stanley increased their price objective on shares of TKO Group from $225.00 to $230.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of TKO Group from $225.00 to $222.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and a consensus price target of $238.08.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC acquired a new stake in shares of TKO Group during the 4th quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company's stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Torren Management LLC acquired a new position in TKO Group in the fourth quarter valued at about $32,000. Clearstead Advisors LLC lifted its position in TKO Group by 234.0% during the fourth quarter. Clearstead Advisors LLC now owns 177 shares of the company's stock worth $37,000 after purchasing an additional 124 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in TKO Group during the fourth quarter worth about $38,000. 89.79% of the stock is owned by institutional investors and hedge funds.

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.

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