Andrew Schleimer Sells 9,942 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer sold 9,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the sale, the chief financial officer owned 38,051 shares in the company, valued at $7,396,733.89. This represents a 20.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

TKO Group Stock Performance

NYSE TKO opened at $195.54 on Friday. The firm’s fifty day moving average price is $192.32 and its two-hundred day moving average price is $196.61. The stock has a market cap of $37.01 billion, a PE ratio of 68.61 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 announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is currently 110.88%.

More TKO Group News

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: Wall Street’s generally favorable view is supported by TKO’s UFC and WWE media-rights agreements. The UFC’s $7.7 billion Paramount agreement could expand distribution and reduce barriers for viewers, while WWE’s $1.6 billion ESPN deal may provide recurring content revenue, broader reach and potential pricing power. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.08. TKO Group Holdings: WWE And UFC Are The Jewels
• Neutral Sentiment: CEO Ariel Emanuel, CFO Andrew M. Schleimer, director Nick Khan and insider Mark S. Shapiro collectively sold approximately $13.4 million of TKO shares on August 18–19. The SEC filings identify the transactions as sales to cover tax-withholding obligations connected with vested equity awards, rather than discretionary sales. Each executive retained a substantial stake after the transactions. Ariel Emanuel SEC filing Andrew Schleimer SEC filing Nick Khan SEC filing
• Negative Sentiment: The concentration of sales by senior executives may still weigh on sentiment and create modest technical selling pressure, even though the transactions were tax-related. Director Nick Khan separately sold 6,546 shares for about $1.3 million on August 19, following an additional 8,248-share sale the previous day. TKO also trades at roughly 69–71 times earnings, leaving the stock vulnerable if UFC deal-related margin pressure or slower-than-expected WWE subscriber growth undermines its growth outlook.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Roth Capital restated a “buy” rating and set a $230.00 price target on shares of TKO Group in a report on Tuesday, August 4th. BTIG Research reiterated a “buy” rating and issued a $237.00 price objective 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 report on Saturday, May 9th. Guggenheim boosted their target price on shares of TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $238.08.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi raised its holdings in TKO Group by 338.7% during the 1st quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after purchasing an additional 1,050 shares during the last quarter. AQR Capital Management LLC increased its position in shares of TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after buying an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after buying an additional 8,595 shares during the last quarter. United Services Automobile Association acquired a new position in TKO Group in the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. boosted its position in TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

About TKO Group

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.