Insider Selling: TKO Group (NYSE:TKO) Director Sells 9,589 Shares of Stock

Key Points

  • TKO Group director Nick Khan sold 9,589 shares at an average price of $194.77, generating approximately $1.87 million; his remaining stake fell 24.37% to 29,751 shares.
  • TKO shares opened at $190.26, with a market capitalization of roughly $36 billion and a 52-week range of $176.00 to $226.94. The company recently missed quarterly EPS estimates but reported 18.2% year-over-year revenue growth.
  • Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $237.08, while TKO declared a quarterly dividend of $0.79 per share, yielding about 1.7% annually.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,589 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $194.77, for a total transaction of $1,867,649.53. Following the completion of the sale, the director directly owned 29,751 shares in the company, valued at approximately $5,794,602.27. This trade represents a 24.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • 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 transaction of $1,305,337.86.
  • 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 transaction 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 transaction 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 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 value of $2,354,067.78.
  • On Monday, July 13th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $182.63, for a total value of $1,751,239.07.

TKO Group Price Performance




Shares of NYSE TKO opened at $190.26 on Wednesday. The stock has a market cap of $36.01 billion, a PE ratio of 66.76 and a beta of 0.62. TKO Group Holdings, Inc. has a fifty-two week low of $176.00 and a fifty-two week high of $226.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of $188.21 and a 200-day moving average of $194.25.

TKO Group (NYSE:TKO - Get Free Report) last released 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). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. TKO Group's dividend payout ratio is currently 110.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of TKO Group from $225.00 to $230.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Tuesday, August 4th. Roth Capital reaffirmed a "buy" rating and set a $230.00 target price on shares of TKO Group in a 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, BTIG Research reissued a "buy" rating and issued a $237.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $237.08.

View Our Latest Analysis on TKO Group

Institutional Investors Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. Elyxium Wealth LLC purchased a new position in shares of TKO Group in the 4th quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in shares of TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of TKO Group by 234.0% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company's stock valued at $37,000 after buying an additional 124 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in TKO Group in the 2nd quarter worth approximately $43,000. Finally, Summit Securities Group LLC lifted its position in TKO Group by 211.1% in the 1st quarter. Summit Securities Group LLC now owns 308 shares of the company's stock worth $62,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings' Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.

UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.

See Also

Insider Buying and Selling by Quarter for TKO Group (NYSE:TKO)

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].

Insider Buying or Selling at TKO Group?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for TKO Group and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles