Insider Selling: TKO Group (NYSE:TKO) Director Sells $1,751,239.07 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,589 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the completion of the sale, the director owned 72,013 shares in the company, valued at approximately $13,151,734.19. The trade was a 11.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $1,990,292.84.
• On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $185.99, for a total value of $1,770,252.82.

TKO Group Trading Down 0.5%

Shares of TKO stock opened at $184.75 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $35.86 billion, a price-to-earnings ratio of 68.94 and a beta of 0.60. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The stock’s 50-day moving average price is $196.38 and its 200-day moving average price is $199.50.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 25.9% on a year-over-year basis. Equities research analysts predict that TKO Group Holdings, Inc. will post 4.95 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.79 per share. The ex-dividend date was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio is currently 117.91%.

Hedge Funds Weigh In On TKO Group

Several large investors have recently modified their holdings of the stock. Annex Advisory Services LLC lifted its position in TKO Group by 1.3% in the second quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock worth $84,266,000 after buying an additional 5,483 shares during the last quarter. CX Institutional increased its position in TKO Group by 167.8% during the second quarter. CX Institutional now owns 1,015 shares of the company’s stock valued at $204,000 after acquiring an additional 636 shares during the last quarter. Pacer Advisors Inc. increased its position in TKO Group by 2,440.3% during the first quarter. Pacer Advisors Inc. now owns 135,346 shares of the company’s stock valued at $27,293,000 after acquiring an additional 130,018 shares during the last quarter. DV Trading LLC increased its position in TKO Group by 5,900.0% during the first quarter. DV Trading LLC now owns 1,200 shares of the company’s stock valued at $242,000 after acquiring an additional 1,180 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in shares of TKO Group in the first quarter valued at $204,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

TKO has been the topic of several research reports. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Guggenheim dropped their price objective on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein reduced their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, BTIG Research restated a “buy” rating and set a $237.00 target price on shares of TKO Group in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $234.07.

About TKO Group

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.