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

Key Points

• Director Nick Khan sold 9,189 TKO shares at an average price of $175.19, generating approximately $1.61 million. The transaction reduced his direct ownership by 31.31% to 20,162 shares.
• TKO shares rose 2.0% to $175.77 but remained below their 50-day and 200-day moving averages and near the lower end of their 52-week range. The stock has a $33.27 billion market capitalization and a price-to-earnings ratio of 61.67.
• Analysts maintain a broadly positive view, with a consensus rating of “Moderate Buy” and an average price target of $237.50. TKO’s latest quarterly revenue increased 18.2% year over year to $1.55 billion, although earnings per share fell short of estimates.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,189 shares of TKO Group stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $175.19, for a total value of $1,609,820.91. Following the completion of the sale, the director directly owned 20,162 shares of the company's stock, 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 filing with the SEC, 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 stock was sold at an average price of $175.07, for a total transaction of $70,028.00.
• 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 shares were sold at an average price of $199.41, for a total value 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 value 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 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 value of $2,354,067.78.

TKO Group Stock Up 2.0%

TKO stock traded up $3.39 during mid-day trading on Thursday, reaching $175.77. The company had a trading volume of 1,126,686 shares, compared to its average volume of 1,107,775. The firm has a fifty day simple moving average of $186.87 and a 200 day simple moving average of $190.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $33.27 billion, a price-to-earnings ratio of 61.67 and a beta of 0.67. TKO Group Holdings, Inc. has a fifty-two week low of $170.92 and a fifty-two week high of $226.94.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 2.67% and a net margin of 4.33%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. Analysts forecast that TKO Group Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, September 15th. TKO Group's dividend payout ratio is currently 110.88%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TKO shares. Weiss Ratings restated a "hold (c+)" rating on shares of TKO Group in a research report on Tuesday, August 4th. Roth Capital reaffirmed a "buy" rating and issued a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. Guggenheim increased their target price on shares of TKO Group from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Seaport Research Partners reiterated a "buy" rating on shares of TKO Group in a research note on Friday, October 9th. Finally, Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus price target of $237.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in TKO Group during the second quarter worth about $9,698,000. Hsbc Holdings PLC increased its position in TKO Group by 38.1% during the fourth quarter. Hsbc Holdings PLC now owns 105,333 shares of the company's stock worth $22,115,000 after purchasing an additional 29,076 shares during the last quarter. Generate Investment Management Ltd acquired a new position in TKO Group during the first quarter worth approximately $6,285,000. Fortis Capital Management LLC acquired a new position in TKO Group during the first quarter worth approximately $6,023,000. Finally, Cat Rock Capital Management LP raised its stake in TKO Group by 10.7% during the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company's stock worth $68,287,000 after purchasing an additional 32,700 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Company Profile

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.

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