TKO Group (NYSE:TKO) Stock: Insider Nick Khan Sells 400 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 400 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $175.07, for a total transaction of $70,028.00. Following the transaction, the director directly owned 29,351 shares in the company, valued at $5,138,479.57. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, October 15th, Nick Khan sold 9,189 shares of TKO Group stock. The stock was sold at an average price of $175.19, for a total value of $1,609,820.91.
• 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 value 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 value 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 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 shares were sold at an average price of $181.11, for a total value of $2,354,067.78.

TKO Group Stock Performance

TKO traded down $0.36 on Friday, hitting $175.66. The company had a trading volume of 1,063,086 shares, compared to its average volume of 1,127,843. The company’s fifty day moving average price is $186.65 and its 200 day moving average price is $190.66. TKO Group Holdings, Inc. has a 1-year low of $170.92 and a 1-year high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $33.25 billion, a price-to-earnings ratio of 61.64 and a beta of 0.67.

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

TKO Group Dividend Announcement

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

Hedge Funds Weigh In On TKO Group

Several large investors have recently bought and sold shares of TKO. Allworth Financial LP increased its holdings in shares of TKO Group by 12.2% during the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock worth $124,000 after purchasing an additional 67 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of TKO Group by 4.0% in the first quarter. Wealthfront Advisers LLC now owns 2,324 shares of the company’s stock valued at $469,000 after buying an additional 89 shares during the period. Patton Fund Management Inc. grew its position in TKO Group by 8.9% during the first quarter. Patton Fund Management Inc. now owns 1,219 shares of the company’s stock worth $246,000 after buying an additional 100 shares in the last quarter. Cornerstone Planning Group LLC grew 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 worth $28,000 after buying an additional 125 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in TKO Group by 5.8% during the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after buying an additional 155 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on TKO shares. Roth Capital reissued a “buy” rating and set a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. BTIG Research restated a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Benchmark reaffirmed 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, JPMorgan Chase & Co. dropped their price objective 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. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.25.

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.