TKO Group (NYSE:TKO) Director Nick Khan Sells 400 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 400 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $175.07, for a total transaction of $70,028.00. Following the transaction, the director directly owned 29,351 shares of the company’s stock, valued at approximately $5,138,479.57. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, October 15th, Nick Khan sold 9,189 shares of TKO Group stock. The stock was sold at an average price of $175.19, for a total transaction of $1,609,820.91.
• On Monday, September 14th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was 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 stock was 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 stock was 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 stock was 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.

TKO Group Stock Performance

NYSE:TKO opened at $175.77 on Friday. The company has a market cap of $33.27 billion, a P/E ratio of 61.67 and a beta of 0.67. The firm’s 50 day moving average is $186.87 and its two-hundred day moving average is $190.76. TKO Group Holdings, Inc. has a fifty-two week low of $170.92 and a fifty-two week 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.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.07). The company 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 firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. Analysts expect that TKO Group Holdings, Inc. will post 4.42 EPS for the current year.

TKO Group Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in TKO Group by 22.5% during 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 purchasing an additional 256,305 shares in the last quarter. Pacer Advisors Inc. increased its stake in TKO Group by 2,440.3% during the 1st quarter. Pacer Advisors Inc. now owns 135,346 shares of the company’s stock worth $27,293,000 after buying an additional 130,018 shares during the period. Hawk Ridge Capital Management LP increased its stake in TKO Group by 16.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock worth $83,411,000 after buying an additional 58,604 shares during the period. Public Employees Retirement System of Ohio acquired a new position in TKO Group in the 2nd quarter worth $9,698,000. Finally, Cat Rock Capital Management LP lifted its holdings 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 buying an additional 32,700 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TKO. BTIG Research reissued a “buy” rating and set a $237.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Seaport Research Partners reaffirmed a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Finally, Guggenheim lifted their price objective on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $237.50.

About TKO Group

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.