TKO Group (NYSE:TKO) Director Nick Khan Sells 9,589 Shares

Key Points

• Director Nick Khan sold 9,589 TKO shares at an average price of $197.17, generating approximately $1.89 million and reducing his ownership by 19.6% to 39,344 shares.
• TKO shares traded at $201.44, while the company’s latest quarterly results showed revenue rising 18.2% year over year to $1.55 billion, though earnings per share missed analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $237.14; TKO also raised its quarterly dividend to $0.79 per share, implying a 1.6% annual yield.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,589 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the sale, the director owned 39,344 shares of the company's stock, valued at approximately $7,757,456.48. This represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 transaction 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 value 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 transaction of $1,751,239.07.
• On Friday, June 12th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84.

TKO Group Stock Performance

TKO Group stock traded up $1.76 during mid-day trading on Friday, reaching $201.44. The company had a trading volume of 955,701 shares, compared to its average volume of 1,082,352. The company has a 50 day moving average of $193.17 and a 200-day moving average of $196.75. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The firm has a market cap of $38.13 billion, a price-to-earnings ratio of 70.68 and a beta of 0.63. TKO Group Holdings, Inc. has a 52 week low of $176.00 and a 52 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 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.TKO Group's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, June 15th. TKO Group's dividend payout ratio is presently 110.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CreativeOne Wealth LLC grew its holdings in shares of TKO Group by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company's stock worth $541,000 after purchasing an additional 54 shares during the last quarter. Stephens Inc. AR boosted its position in TKO Group by 2.7% in the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company's stock valued at $451,000 after buying an additional 56 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of TKO Group by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company's stock worth $192,000 after buying an additional 56 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TKO Group by 29.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company's stock valued at $52,000 after buying an additional 57 shares during the last quarter. Finally, Colonial River Investments LLC lifted its position in shares of TKO Group by 4.5% during the fourth quarter. Colonial River Investments LLC now owns 1,414 shares of the company's stock worth $296,000 after purchasing an additional 61 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TKO. Sanford C. Bernstein reduced their price objective on shares of TKO Group from $240.00 to $235.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of TKO Group in a research note on Tuesday, August 4th. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Tuesday, August 4th. Guggenheim raised their price target on shares of TKO Group from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Roth Capital reaffirmed a "buy" rating and set a $230.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $237.14.

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.

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