Insider Selling: TKO Group (NYSE:TKO) Director Sells $1,305,337.86 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 6,546 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $199.41, for a total transaction of $1,305,337.86. Following the completion of the sale, the director directly owned 39,340 shares in the company, valued at $7,844,789.40. This trade represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 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 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 shares were 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.
• On Friday, June 12th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84.

TKO Group Stock Performance

NYSE TKO opened at $193.34 on Friday. The stock has a 50-day simple moving average of $192.12 and a two-hundred day simple moving average of $196.59. The firm has a market capitalization of $36.59 billion, a P/E ratio of 67.84 and a beta of 0.63. TKO Group Holdings, Inc. has a fifty-two week low of $176.00 and a fifty-two week high of $226.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28.

TKO Group (NYSE:TKO) last issued 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). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is 110.88%.

Analysts Set New Price Targets

Several research firms have commented on TKO. Sanford C. Bernstein lowered their price objective on TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. BTIG Research reaffirmed a “buy” rating and set a $237.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lowered their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.08.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in TKO Group during the fourth quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its position in shares of TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Torren Management LLC purchased a new stake in shares of TKO Group in the fourth quarter valued at approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group in the second quarter valued at approximately $34,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of TKO Group during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.