TKO Group (NYSE:TKO) Director Sells $1,609,820.91 in Stock

TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) Director Nick Khan sold 9,189 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $175.19, for a total value of $1,609,820.91. Following the sale, the director owned 20,162 shares of the company’s stock, valued at $3,532,180.78. This represents a 31.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, October 13th, Nick Khan sold 400 shares of TKO Group stock. The shares were sold at an average price of $175.07, for a total value of $70,028.00.
  • On Monday, September 14th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $194.77, for a total transaction of $1,867,649.53.
  • 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 value of $1,305,337.86.
  • On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The stock was sold at an average price of $194.39, for a total value 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 value 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 value 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 value of $2,354,067.78.

TKO Group Stock Up 2.0%

TKO Group stock traded up $3.39 during midday trading on Thursday, hitting $175.77. 1,126,686 shares of the company were exchanged, compared to its average volume of 1,107,775. The company has a market cap of $33.27 billion, a PE ratio of 61.67 and a beta of 0.67. TKO Group Holdings, Inc. has a fifty-two week low of $170.92 and a fifty-two week high of $226.94. The company’s fifty day moving average price is $186.87 and its 200-day moving average price is $190.76. 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 (NYSE:TKO – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) 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 analysts’ expectations of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. On average, research analysts predict that TKO Group Holdings, Inc. will post 4.42 EPS for the current fiscal year.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group’s dividend payout ratio is presently 110.88%.

Analyst Upgrades and Downgrades

TKO has been the topic of a number of research analyst reports. BTIG Research reiterated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research note on Tuesday, August 4th. Roth Capital reaffirmed a “buy” rating and issued a $230.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Morgan Stanley boosted their price objective on TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Seaport Research Partners restated a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.50.

Read Our Latest Report on TKO Group

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently bought and sold shares of TKO. Public Employees Retirement System of Ohio purchased a new position in shares of TKO Group in the second quarter worth approximately $9,698,000. Hsbc Holdings PLC raised its position in TKO Group by 38.1% during the fourth quarter. Hsbc Holdings PLC now owns 105,333 shares of the company’s stock valued at $22,115,000 after buying an additional 29,076 shares during the period. Generate Investment Management Ltd acquired a new position in TKO Group during the first quarter valued at $6,285,000. Fortis Capital Management LLC purchased a new stake in TKO Group in the 1st quarter worth about $6,023,000. Finally, Cat Rock Capital Management LP lifted its stake in TKO Group by 10.7% in the 2nd quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock worth $68,287,000 after acquiring an additional 32,700 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). The company was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings, creating a platform focused on live sports and entertainment properties.

UFC organizes and promotes mixed martial arts events, distributes related media content, and manages sponsorship, licensing, and consumer products. WWE produces professional wrestling programming and live events, including its flagship brands and premium events, while also generating revenue through media rights, sponsorships, licensing, merchandise, and digital content.

TKO serves audiences and commercial partners internationally through televised and streaming programming, live events, and licensed products.

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

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