TKO Group (NYSE:TKO) CEO Sells $4,801,821.78 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel sold 24,702 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the sale, the chief executive officer owned 174,334 shares in the company, valued at approximately $33,888,786.26. The trade was a 12.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Up 5.1%

TKO stock traded up $9.84 during trading hours on Wednesday, reaching $201.95. 949,299 shares of the stock were exchanged, compared to its average volume of 1,093,496. The firm’s 50-day moving average is $192.69 and its 200-day moving average is $196.66. The company has a market cap of $38.22 billion, a price-to-earnings ratio of 70.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. TKO Group Holdings, Inc. has a 12 month low of $176.00 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. On average, equities research analysts expect that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is 110.88%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TKO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital reaffirmed a “buy” rating and issued a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Finally, BTIG Research restated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research note on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $238.08.

Institutional Investors Weigh In On TKO Group

Several large investors have recently made changes to their positions in TKO. CreativeOne Wealth LLC grew its position in TKO Group by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after purchasing an additional 54 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of TKO Group by 6.3% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after buying an additional 56 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of TKO Group by 2.7% during the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after buying an additional 56 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TKO Group by 29.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock worth $52,000 after acquiring an additional 57 shares during the last quarter. Finally, Colonial River Investments LLC lifted its position in TKO Group by 4.5% in the 4th quarter. Colonial River Investments LLC now owns 1,414 shares of the company’s stock valued at $296,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.