Insider Selling: TKO Group (NYSE:TKO) Director Sells 6,546 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 6,546 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $199.41, for a total value of $1,305,337.86. Following the sale, the director owned 39,340 shares of the company’s stock, valued at $7,844,789.40. This trade represents a 14.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 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 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 stock was sold at an average price of $181.11, for a total transaction 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 transaction 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 Stock Up 5.1%

TKO Group stock traded up $9.84 during midday trading on Wednesday, hitting $201.95. 949,299 shares of the stock were exchanged, compared to its average volume of 1,093,496. TKO Group Holdings, Inc. has a 52-week low of $176.00 and a 52-week high of $226.94. The stock has a market capitalization of $38.22 billion, a price-to-earnings ratio of 70.86 and a beta of 0.63. The business’s 50-day moving average price is $192.69 and its 200-day moving average price is $196.66. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58.

TKO Group (NYSE:TKO) last issued its quarterly earnings data 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, research analysts expect that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.

TKO Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein cut their price objective on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Roth Capital reissued a “buy” rating and set a $230.00 price objective on shares of TKO Group in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.08.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TKO. Elyxium Wealth LLC purchased a new stake in TKO Group in the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC bought a new position in TKO Group in the fourth quarter worth $32,000. CYBER HORNET ETFs LLC purchased a new position in TKO Group during the second quarter valued at $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of TKO Group in the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.