Insider Selling: TKO Group (NYSE:TKO) Director Sells $2,096,720.22 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22. Following the sale, the director owned 110,048 shares in the company, valued at $24,242,473.92. This trade represents a 7.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 22nd, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $201.31, for a total transaction of $1,916,068.58.
• On Thursday, January 22nd, Nick Khan sold 7,744 shares of TKO Group stock. The shares were sold at an average price of $201.98, for a total transaction of $1,564,133.12.
• On Monday, January 5th, Nick Khan sold 37,425 shares of TKO Group stock. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25.

TKO Group Stock Down 4.2%

Shares of NYSE:TKO opened at $202.90 on Friday. TKO Group Holdings, Inc. has a 1-year low of $133.07 and a 1-year high of $226.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $39.58 billion, a P/E ratio of 90.18 and a beta of 0.66. The firm has a fifty day moving average price of $207.55 and a 200 day moving average price of $198.68.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, March 16th. TKO Group’s dividend payout ratio (DPR) is 138.67%.

Analyst Ratings Changes

TKO has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Pivotal Research boosted their price target on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded shares of TKO Group from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen reiterated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Finally, BTIG Research dropped their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.40.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC grew its holdings in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the 4th quarter worth about $27,000. Cromwell Holdings LLC raised its stake in shares of TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Torren Management LLC purchased a new position in shares of TKO Group in the 4th quarter valued at $32,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of TKO Group during the 2nd quarter valued at $34,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.