TKO Group (NYSE:TKO) CFO Shane Kapral Sells 254 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Shane Kapral sold 254 shares of TKO Group stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $178.32, for a total value of $45,293.28. Following the transaction, the chief financial officer owned 2,028 shares of the company’s stock, valued at $361,632.96. This represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $46,624.24.

TKO Group Trading Up 3.3%

TKO traded up $6.26 during trading on Thursday, hitting $193.68. 873,737 shares of the company’s stock were exchanged, compared to its average volume of 1,269,989. The firm has a market cap of $37.78 billion, a P/E ratio of 80.03 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $212.49. The stock has a 50 day moving average price of $189.81 and a 200 day moving average price of $179.88.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. TKO Group has set its FY 2025 guidance at EPS. As a group, analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.76 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. This is an increase from TKO Group’s previous quarterly dividend of $0.38. TKO Group’s dividend payout ratio is presently 116.48%.

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

Institutional Trading of TKO Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in TKO Group by 19.4% during the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after acquiring an additional 1,295,817 shares during the last quarter. Invesco Ltd. lifted its position in shares of TKO Group by 569.7% during the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after buying an additional 1,210,563 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TKO Group by 242.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after purchasing an additional 1,059,636 shares in the last quarter. State Street Corp increased its holdings in shares of TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after buying an additional 887,401 shares in the last quarter. Finally, Norges Bank bought a new position in TKO Group in the second quarter valued at about $132,441,000. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TKO. Morgan Stanley lifted their target price on shares of TKO Group from $165.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Robert W. Baird lifted their target price on TKO Group from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Bank of America upped their price objective on TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research note on Monday. Finally, Sanford C. Bernstein increased their target price on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $222.23.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.