Insider Selling: TKO Group (NYSE:TKO) Director Sells 9,589 Shares of Stock

Key Points

• TKO Group director Nick Khan sold 9,589 shares at an average price of $194.77, generating approximately $1.87 million. The sale reduced his direct ownership by 24.37% to 29,751 shares.
• TKO shares recently traded down 1.8% to $190.26. The company’s latest quarterly earnings missed estimates, although revenue rose 18.2% year over year to $1.55 billion.
• TKO declared a quarterly dividend of $0.79 per share, equivalent to a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.08.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $194.77, for a total value of $1,867,649.53. Following the sale, the director directly owned 29,751 shares in the company, valued at $5,794,602.27. The trade was a 24.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 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 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 shares were 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 transaction of $2,354,067.78.
• On Monday, July 13th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $182.63, for a total value of $1,751,239.07.

TKO Group Trading Down 1.8%

Shares of TKO traded down $3.46 during trading hours on Tuesday, hitting $190.26. 1,428,522 shares of the stock traded hands, compared to its average volume of 965,840. The firm has a market capitalization of $36.01 billion, a PE ratio of 66.76 and a beta of 0.62. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. TKO Group Holdings, Inc. has a 1-year low of $176.00 and a 1-year high of $226.94. The business has a fifty day moving average of $188.21 and a 200-day moving average of $194.25.

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 for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Analysts expect that TKO Group Holdings, Inc. will post 5.18 EPS for the current year.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. TKO Group's payout ratio is presently 110.88%.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in TKO. Sequoia Financial Advisors LLC grew its position in TKO Group by 26.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company's stock valued at $563,000 after purchasing an additional 590 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings 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 valued at $399,000 after acquiring an additional 324 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of TKO Group by 12.5% in the second quarter. NewEdge Advisors LLC now owns 2,390 shares of the company's stock valued at $481,000 after acquiring an additional 265 shares during the last quarter. IFP Advisors Inc raised its holdings in TKO Group by 1.9% during the second quarter. IFP Advisors Inc now owns 8,699 shares of the company's stock worth $1,751,000 after acquiring an additional 163 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in TKO Group by 12.2% during the second quarter. Allworth Financial LP now owns 615 shares of the company's stock worth $124,000 after acquiring an additional 67 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TKO. Guggenheim raised their price target on TKO Group from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Morgan Stanley increased their target price on TKO Group from $225.00 to $230.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. BTIG Research restated a "buy" rating and set a $237.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein lowered their price objective on shares of TKO Group from $240.00 to $235.00 and set an "outperform" rating for the company in a research report on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, TKO Group presently has a consensus rating of "Moderate Buy" and an average price target of $238.08.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings' Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.

UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.

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