Key Points
- Nick Khan, a TKO director, sold 9,519 shares on Dec. 3 at an average of $195.16 for about $1.86M, leaving him with 108,985 shares (an 8.03% reduction in his stake).
- This was the third identical monthly sale (Oct. 3, Nov. 3, Dec. 3), totaling 28,557 shares — roughly $5.5M — signaling a pattern of ongoing insider selling.
- TKO recently missed quarterly EPS estimates and posted a 27.3% Y/Y revenue decline, yet its board approved a $1B buyback and raised the quarterly dividend to $0.78 despite a payout ratio above 100%.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,519 shares of the firm's stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the sale, the director owned 108,985 shares in the company, valued at approximately $21,269,512.60. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Nick Khan also recently made the following trade(s):
- On Monday, November 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The shares were sold at an average price of $188.26, for a total transaction of $1,792,046.94.
- On Friday, October 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $197.82, for a total transaction of $1,883,048.58.
TKO Group Stock Performance
Shares of TKO Group stock opened at $202.10 on Friday. The company's 50 day moving average price is $189.36 and its two-hundred day moving average price is $181.40. The firm has a market capitalization of $39.43 billion, a P/E ratio of 77.43 and a beta of 0.65. TKO Group Holdings, Inc. has a fifty-two week low of $133.07 and a fifty-two week high of $212.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46.
TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company posted $0.28 earnings per share. The firm's quarterly revenue was down 27.3% on a year-over-year basis. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
TKO Group announced that its Board of Directors has approved a share buyback plan on Monday, September 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.
TKO Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be given a $0.78 dividend. This is a boost from TKO Group's previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, December 15th. TKO Group's dividend payout ratio is 116.48%.
Analyst Upgrades and Downgrades
TKO has been the topic of several research reports. Bank of America boosted their price target on TKO Group from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. BTIG Research reissued a "buy" rating and set a $235.00 target price on shares of TKO Group in a report on Tuesday, November 18th. Citigroup upped their price target on shares of TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TKO Group in a research note on Monday. Finally, UBS Group boosted their price objective on shares of TKO Group from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and an average price target of $222.85.
Get Our Latest Stock Analysis on TKO Group
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of TKO Group by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company's stock valued at $1,218,951,000 after purchasing an additional 1,295,817 shares during the period. State Street Corp raised its holdings in TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company's stock worth $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Ninety One UK Ltd lifted its position in TKO Group by 2.4% during the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company's stock valued at $1,002,530,000 after buying an additional 113,996 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TKO Group by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,057,020 shares of the company's stock valued at $415,436,000 after buying an additional 53,818 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of TKO Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company's stock valued at $328,670,000 after buying an additional 383,325 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.
About TKO Group
(
Get Free Report)
TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
