TKO Group (NYSE:TKO) Stock: Insider Nick Khan Sells 9,189 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,189 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $175.19, for a total transaction of $1,609,820.91. Following the completion of the transaction, the director directly owned 20,162 shares in the company, valued at $3,532,180.78. The trade was a 31.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 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 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 shares were sold at an average price of $181.11, for a total transaction of $2,354,067.78.

TKO Group Trading Down 0.2%

Shares of TKO stock opened at $175.66 on Friday. 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 Holdings, Inc. has a fifty-two week low of $170.92 and a fifty-two week high of $226.94. The company has a market cap of $33.25 billion, a PE ratio of 61.64 and a beta of 0.67. The stock’s fifty day moving average price is $186.65 and its two-hundred day moving average price is $190.66.

TKO Group (NYSE:TKO) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts predict that TKO Group Holdings, Inc. will post 4.42 EPS for the current fiscal year.

TKO Group Dividend Announcement

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

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. V Square Quantitative Management LLC boosted its holdings in shares of TKO Group by 33.2% during the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock worth $333,000 after purchasing an additional 462 shares during the period. QRG Capital Management Inc. raised its holdings in TKO Group by 5.8% in the 2nd quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after purchasing an additional 155 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in TKO Group by 26.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after buying an additional 590 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of TKO Group by 19.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock worth $399,000 after acquiring an additional 324 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of TKO Group by 12.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock worth $481,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Roth Capital reiterated a “buy” rating and issued a $230.00 price objective on shares of TKO Group in a research note on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Guggenheim lifted their price objective on shares of TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.25.

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.