Seth Krauss Sells 2,271 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) insider Seth Krauss sold 2,271 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TKO Group Stock Up 3.3%

Shares of TKO stock traded up $6.42 on Thursday, hitting $201.30. The stock had a trading volume of 1,132,283 shares, compared to its average volume of 864,796. The business has a 50 day moving average of $203.47 and a 200 day moving average of $191.74. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 77.13 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. TKO Group Holdings, Inc. has a 12-month low of $133.07 and a 12-month high of $218.11.

TKO Group (NYSE:TKO) last issued 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 return on equity of 2.57% and a net margin of 5.27%.The company’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The firm also recently declared 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 represents a $3.12 dividend on an annualized basis and a yield of 1.5%. This is an increase from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. TKO Group’s dividend payout ratio is 119.54%.

Institutional Investors Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi boosted its stake in TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after buying an additional 1,050 shares during the period. AQR Capital Management LLC boosted its position in shares of TKO Group by 10.7% during the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after acquiring an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares in the last quarter. United Services Automobile Association bought a new position in shares of TKO Group in the first quarter worth approximately $218,000. Finally, Geneos Wealth Management Inc. raised its stake in TKO Group by 127.7% in the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of several research analyst reports. Susquehanna reaffirmed a “positive” rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Sanford C. Bernstein raised their price objective on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Morgan Stanley set a $210.00 price objective on shares of TKO Group in a research report on Thursday, December 18th. Arete Research raised shares of TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Finally, Seaport Research Partners upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $227.73.

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.