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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $194.77, for a total transaction of $1,867,649.53. Following the sale, the director directly owned 29,751 shares of the company’s stock, valued at approximately $5,794,602.27. This trade represents a 24.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $1,305,337.86.
• On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The shares were 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 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 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.

TKO Group Stock Performance

NYSE TKO opened at $190.26 on Wednesday. The company has a fifty day simple moving average of $188.21 and a 200 day simple moving average of $194.25. TKO Group Holdings, Inc. has a 12-month low of $176.00 and a 12-month high of $226.94. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a market cap of $36.01 billion, a P/E ratio of 66.76 and a beta of 0.62.

TKO Group (NYSE:TKO) last announced its quarterly earnings results 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 net margin of 4.33% and a return on equity of 2.67%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Sell-side analysts predict that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. TKO Group’s payout ratio is presently 110.88%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TKO. Sequoia Financial Advisors LLC raised its stake in shares of 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 buying an additional 590 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of TKO Group by 19.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock worth $399,000 after acquiring an additional 324 shares during the period. NewEdge Advisors LLC increased its holdings in TKO Group by 12.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock worth $481,000 after acquiring an additional 265 shares during the last quarter. IFP Advisors Inc increased its holdings in TKO Group by 1.9% in the 2nd quarter. IFP Advisors Inc now owns 8,699 shares of the company’s stock worth $1,751,000 after acquiring an additional 163 shares during the last quarter. Finally, Allworth Financial LP raised its stake in TKO Group by 12.2% in the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock valued at $124,000 after acquiring an additional 67 shares during the period. 89.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TKO. Roth Capital reaffirmed a “buy” rating and issued a $230.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Sanford C. Bernstein dropped their target price on TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $237.08.

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.