Insider Selling: TKO Group (NYSE:TKO) Director Sells $70,028.00 in Stock

TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) Director Nick Khan sold 400 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $175.07, for a total value of $70,028.00. Following the completion of the sale, the director owned 29,351 shares of the company’s stock, valued at $5,138,479.57. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, October 15th, Nick Khan sold 9,189 shares of TKO Group stock. The shares were sold at an average price of $175.19, for a total value of $1,609,820.91.
  • 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 value 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 stock was 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 stock was 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 Down 0.2%

TKO stock opened at $175.66 on Friday. TKO Group Holdings, Inc. has a twelve month low of $170.92 and a twelve month high of $226.94. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market cap of $33.25 billion, a P/E ratio of 61.64 and a beta of 0.67. The business’s 50-day moving average price is $186.65 and its 200-day moving average price is $190.66.

TKO Group (NYSE:TKO – Get Free Report) last announced 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate 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 was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. On average, equities research analysts forecast that TKO Group Holdings, Inc. will post 4.42 EPS for the current year.

TKO Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on TKO. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Susquehanna decreased their price objective on shares of TKO Group from $235.00 to $224.00 and set a “positive” rating on the stock in a research report on Friday. Seaport Research Partners restated a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Finally, BTIG Research restated a “buy” rating and set a $237.00 target price on shares of TKO Group in a research note on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.25.

Check Out Our Latest Stock Report on TKO Group

Hedge Funds Weigh In On TKO Group

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased 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 valued at $281,045,000 after acquiring an additional 256,305 shares during the last quarter. Annex Advisory Services LLC lifted its stake in TKO Group by 1.3% in the 2nd quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock worth $84,266,000 after purchasing an additional 5,483 shares in the last quarter. Hawk Ridge Capital Management LP boosted its holdings in shares of TKO Group by 16.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock valued at $83,411,000 after purchasing an additional 58,604 shares during the last quarter. Cat Rock Capital Management LP boosted its holdings in shares of TKO Group by 10.7% during the 2nd quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock valued at $68,287,000 after purchasing an additional 32,700 shares during the last quarter. Finally, Braun Stacey Associates Inc. boosted its holdings in shares of TKO Group by 7.7% during the 2nd quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company’s stock valued at $27,883,000 after purchasing an additional 9,924 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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

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