TKO Group (NYSE:TKO) CEO Acquires $1,999,897.45 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CEO Ariel Emanuel bought 10,805 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the purchase, the chief executive officer directly owned 154,655 shares in the company, valued at $28,625,093.95. This represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

TKO Group Stock Performance

TKO Group stock traded up $0.38 during mid-day trading on Wednesday, hitting $183.71. 885,614 shares of the company’s stock traded hands, compared to its average volume of 1,210,616. The firm has a 50 day moving average price of $195.25 and a 200 day moving average price of $198.66. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $35.66 billion, a PE ratio of 68.55 and a beta of 0.57. TKO Group Holdings, Inc. has a one year low of $152.29 and a one year high of $226.94.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 5 EPS for the current year.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is presently 116.42%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TKO. Pivotal Research lifted their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. lifted their price target on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Citizens Jmp began coverage on TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price target on the stock. Finally, Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $233.73.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after purchasing an additional 54 shares in the last quarter. CreativeOne Wealth LLC grew its stake in TKO Group by 2.1% in the fourth quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after purchasing an additional 54 shares in the last quarter. Sunbelt Securities Inc. grew its stake in 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 purchasing an additional 56 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in TKO Group by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after purchasing an additional 56 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of TKO Group by 2.7% during the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock worth $451,000 after acquiring an additional 56 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.