Shane Kapral Sells 749 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 749 shares of TKO Group stock in a transaction on Monday, January 12th. The stock was sold at an average price of $198.83, for a total value of $148,923.67. Following the sale, the chief financial officer owned 3,131 shares in the company, valued at $622,536.73. The trade was a 19.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 7th, Shane Kapral sold 224 shares of TKO Group stock. The shares were sold at an average price of $201.47, for a total transaction of $45,129.28.
• 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 transaction 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 transaction 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 transaction of $54,376.32.
• On Monday, December 15th, Shane Kapral sold 254 shares of TKO Group stock. The stock was sold at an average price of $206.44, for a total transaction 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 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 value 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 shares were sold at an average price of $183.56, for a total value of $46,624.24.

TKO Group Stock Performance

Shares of NYSE TKO traded up $9.39 during trading on Tuesday, reaching $208.48. 1,218,015 shares of the stock traded hands, compared to its average volume of 894,405. 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 capitalization of $40.67 billion, a P/E ratio of 79.88 and a beta of 0.62. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $218.11. The company has a 50-day moving average of $198.61 and a 200-day moving average of $189.63.

TKO Group (NYSE:TKO) last announced 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). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The company’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

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

TKO Group declared that its board has approved a share repurchase plan on Monday, September 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of TKO Group

Several institutional investors have recently added to or reduced their stakes in TKO. Whittier Trust Co. grew its stake in shares of 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 buying an additional 105 shares during the last quarter. Golden State Wealth Management LLC lifted its position in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the last quarter. Cromwell Holdings LLC lifted its position in TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Eastern Bank purchased a new stake in shares of TKO Group during the second quarter valued at approximately $34,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of TKO Group in the second quarter worth approximately $34,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TKO. Cowen reaffirmed a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Morgan Stanley set a $210.00 target price on shares of TKO Group in a research note on Thursday, December 18th. Pivotal Research lifted their target price on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, TD Cowen raised their price objective on shares of TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.00.

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.