Insider Selling: TKO Group (NYSE:TKO) CFO Sells $1,932,625.38 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer sold 9,942 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the transaction, the chief financial officer owned 38,051 shares in the company, valued at approximately $7,396,733.89. This trade represents a 20.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Performance

TKO traded up $9.84 during trading on Wednesday, reaching $201.95. 949,299 shares of the company’s stock were exchanged, compared to its average volume of 1,093,496. 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 1 year low of $176.00 and a 1 year high of $226.94. The company’s fifty day simple moving average is $192.69 and its 200-day simple moving average is $196.66. The stock has a market capitalization of $38.22 billion, a P/E ratio of 70.86 and a beta of 0.63.

TKO Group (NYSE:TKO) last released its quarterly earnings data 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 net margin of 4.33% and a return on equity of 2.67%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company earned $1.17 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. As a group, research analysts predict that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given 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 yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is 110.88%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TKO shares. BTIG Research reissued a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating 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 report on Saturday, May 9th. Roth Capital reissued a “buy” rating and issued a $230.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein lowered their price objective on TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TKO. State Street Corp boosted its stake in shares of TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares in the last quarter. XN LP increased its stake in shares of TKO Group by 6.3% in the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after purchasing an additional 169,574 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of TKO Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock valued at $496,008,000 after purchasing an additional 395,040 shares in the last quarter. Geode Capital Management LLC raised its holdings in TKO Group by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock worth $387,072,000 after purchasing an additional 49,486 shares during the period. Finally, Bank of America Corp DE raised its holdings in TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after purchasing an additional 256,305 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.