TKO Group (NYSE:TKO) Director Sells $1,603,328.72 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 8,248 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,603,328.72. Following the completion of the sale, the director directly owned 45,886 shares of the company’s stock, valued at $8,919,779.54. This represents a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $199.41, for a total value of $1,305,337.86.
• 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 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 shares were 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 shares were sold at an average price of $207.56, for a total transaction of $1,990,292.84.

TKO Group Price Performance

NYSE TKO opened at $193.34 on Friday. 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 company has a market cap of $36.59 billion, a PE ratio of 67.84 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. The firm’s 50-day simple moving average is $192.12 and its two-hundred day simple moving average is $196.59.

TKO Group (NYSE:TKO) last posted its 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). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business earned $1.17 EPS. TKO Group’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts predict that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is 110.88%.

Analyst Ratings Changes

A number of brokerages have issued reports on TKO. Sanford C. Bernstein lowered their target price on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Roth Capital reaffirmed a “buy” rating and issued a $230.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, BTIG Research reissued a “buy” rating and set a $237.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Eleven research 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.08.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TKO. Elyxium Wealth LLC purchased a new stake in TKO Group in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its position in TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Torren Management LLC purchased a new position in TKO Group in the 4th quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new position in TKO Group in the 2nd quarter worth approximately $34,000. Finally, MUFG Securities EMEA plc bought 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.

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.