Insider Selling: TKO Group (NYSE:TKO) Director Sells 8,248 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 8,248 shares of TKO Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,603,328.72. Following the sale, the director directly owned 45,886 shares in the company, valued at $8,919,779.54. The trade was a 15.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

TKO Group Stock Up 5.1%

Shares of NYSE:TKO traded up $9.84 during trading on Wednesday, hitting $201.95. The stock had a trading volume of 949,299 shares, compared to its average volume of 1,093,496. The company has a market capitalization of $38.22 billion, a PE ratio of 70.86 and a beta of 0.63. 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’s fifty day moving average is $192.69 and its 200 day moving average is $196.66. TKO Group Holdings, Inc. has a 12 month low of $176.00 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings results 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 the consensus estimate of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Analysts anticipate that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given 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 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s payout ratio is 110.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TKO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. Morgan Stanley raised their target price on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. BTIG Research reiterated a “buy” rating and set a $237.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Sanford C. Bernstein dropped their price target on TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. cut their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.08.

Institutional Trading of TKO Group

A number of large investors have recently made changes to their positions in TKO. Elyxium Wealth LLC purchased a new stake in TKO Group in the fourth quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Torren Management LLC bought a new position in shares of TKO Group during the 4th quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new position in shares of TKO Group during the 2nd quarter valued at $34,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of TKO Group in the 2nd quarter worth $36,000. 89.79% of the stock is currently owned by institutional investors.

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.