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

TKO Group Holdings, Inc. (NYSE:TKO) 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 transaction of $1,609,820.91. Following the completion of the sale, the director owned 20,162 shares of the company’s stock, valued at $3,532,180.78. This represents a 31.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, October 13th, Nick Khan sold 400 shares of TKO Group stock. The shares were 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 stock was sold at an average price of $199.41, for a total transaction 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 transaction 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 transaction 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 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 transaction of $2,354,067.78.

TKO Group Price Performance

TKO stock opened at $175.77 on Friday. The stock has a market capitalization of $33.27 billion, a PE ratio of 61.67 and a beta of 0.67. The company’s 50-day moving average is $186.87 and its 200-day moving average is $190.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. TKO Group Holdings, Inc. has a 1 year low of $170.92 and a 1 year high of $226.94.

TKO Group (NYSE:TKO) last issued its earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that TKO Group Holdings, Inc. will post 4.42 EPS for the current fiscal year.

TKO Group Announces Dividend

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

Hedge Funds Weigh In On TKO Group

Several large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC boosted its stake in TKO Group by 33.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock valued at $333,000 after purchasing an additional 462 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of TKO Group by 5.8% in the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after purchasing an additional 155 shares during the last quarter. 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 worth $563,000 after purchasing an additional 590 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of TKO Group by 19.5% in the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock valued at $399,000 after purchasing an additional 324 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of TKO Group by 12.5% in the second quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock valued at $481,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the subject of several recent research reports. Guggenheim boosted their price objective on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein increased their target price on TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. BTIG Research reiterated a “buy” rating and issued a $237.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Morgan Stanley lifted their price target on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $237.50.

About TKO Group

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.