Insider Selling: TKO Group (NYSE:TKO) Director Sells $1,867,649.53 in Stock

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $194.77, for a total transaction of $1,867,649.53. Following the completion of the transaction, the director directly owned 29,751 shares of the company’s stock, valued at $5,794,602.27. This represents a 24.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nick Khan also recently made the following trade(s):

  • On Wednesday, August 19th, Nick Khan sold 6,546 shares of TKO Group stock. The shares were sold at an average price of $199.41, for a total transaction of $1,305,337.86.
  • On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The shares were sold at an average price of $194.39, for a total transaction of $1,603,328.72.
  • On Thursday, August 13th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $197.17, for a total transaction of $1,890,663.13.
  • On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total transaction of $1,850,468.36.
  • On Tuesday, July 21st, Nick Khan sold 12,998 shares of TKO Group stock. The stock was sold at an average price of $181.11, for a total transaction of $2,354,067.78.
  • On Monday, July 13th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $182.63, for a total transaction of $1,751,239.07.

TKO Group Stock Performance

TKO stock traded down $3.46 during mid-day trading on Tuesday, hitting $190.26. 1,428,522 shares of the company were exchanged, compared to its average volume of 965,840. TKO Group Holdings, Inc. has a 1-year low of $176.00 and a 1-year high of $226.94. The stock has a market capitalization of $36.01 billion, a PE ratio of 66.76 and a beta of 0.62. The business has a 50 day simple moving average of $188.21 and a 200-day simple moving average of $194.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58.

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

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.79 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.16 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is 110.88%.

Analyst Ratings Changes

TKO has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Roth Capital reaffirmed a “buy” rating and issued a $230.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Morgan Stanley upped their price objective on TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein cut their target price on shares of 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 issued a Hold rating to the stock. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $238.08.

Check Out Our Latest Stock Report on TKO

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its holdings in TKO Group by 26.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after buying an additional 590 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in TKO Group by 19.5% in the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock worth $399,000 after purchasing an additional 324 shares during the last quarter. NewEdge Advisors LLC grew its stake in TKO Group by 12.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock valued at $481,000 after purchasing an additional 265 shares during the period. IFP Advisors Inc raised its stake in shares of TKO Group by 1.9% during the 2nd quarter. IFP Advisors Inc now owns 8,699 shares of the company’s stock worth $1,751,000 after purchasing an additional 163 shares during the period. Finally, Allworth Financial LP grew its position in TKO Group by 12.2% during the second quarter. Allworth Financial LP now owns 615 shares of the company’s stock valued at $124,000 after buying an additional 67 shares during the period. 89.79% of the stock is owned by institutional investors.

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings’ Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.

UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.

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Insider Buying and Selling by Quarter for TKO Group (NYSE:TKO)

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