Key Points
- Director Nick Khan sold 9,189 TKO shares at an average price of $175.19, generating approximately $1.61 million. The sale reduced his ownership by 31.31%, leaving him with 20,162 shares.
- Khan has made several additional sales since July, indicating a broader pattern of insider selling totaling substantial proceeds.
- TKO reported $1.55 billion in quarterly revenue, up 18.2% year over year, but earnings per share of $1.34 fell short of the $1.41 analyst consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $237.50.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 400 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $175.07, for a total value of $70,028.00. Following the completion of the transaction, the director directly owned 29,351 shares of the company's stock, valued at $5,138,479.57. This represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Nick Khan also recently made the following trade(s):
- On Thursday, October 15th, Nick Khan sold 9,189 shares of TKO Group stock. The shares were sold at an average price of $175.19, for a total value of $1,609,820.91.
- On Monday, September 14th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $194.77, for a total value of $1,867,649.53.
- 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 value 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 value 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 value 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 value of $1,850,468.36.
- On Tuesday, July 21st, Nick Khan sold 12,998 shares of TKO Group stock. The shares were sold at an average price of $181.11, for a total value of $2,354,067.78.
TKO Group Stock Up 2.0%
TKO stock opened at $175.77 on Friday. TKO Group Holdings, Inc. has a twelve month low of $170.92 and a twelve month high of $226.94. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $33.27 billion, a P/E ratio of 61.67 and a beta of 0.67. The firm has a 50 day simple moving average of $186.87 and a 200-day simple moving average of $190.76.
TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.
TKO Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group's dividend payout ratio (DPR) is currently 110.88%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on TKO shares. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Tuesday, August 4th. BTIG Research reaffirmed a "buy" rating and set a $237.00 price target on shares of TKO Group in a research report on Tuesday, August 4th. Guggenheim lifted their price target on TKO Group from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Roth Capital reiterated a "buy" rating and issued a $230.00 price target on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of TKO Group in a report on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $237.50.
Read Our Latest Stock Analysis on TKO
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKO. Bank of America Corp DE boosted its position in TKO Group by 22.5% during the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company's stock valued at $281,045,000 after purchasing an additional 256,305 shares during the period. Annex Advisory Services LLC increased 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 period. Hawk Ridge Capital Management LP increased its position in TKO Group by 16.5% in the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company's stock worth $83,411,000 after buying an additional 58,604 shares during the period. Cat Rock Capital Management LP increased its position in TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company's stock worth $68,287,000 after buying an additional 32,700 shares during the period. Finally, Braun Stacey Associates Inc. lifted its stake in TKO Group by 7.7% in the second quarter. Braun Stacey Associates Inc. now owns 138,509 shares of the company's stock valued at $27,883,000 after buying an additional 9,924 shares during 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 is a sports and entertainment company that owns and operates Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). The company was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings, creating a platform focused on live sports and entertainment properties.
UFC organizes and promotes mixed martial arts events, distributes related media content, and manages sponsorship, licensing, and consumer products. WWE produces professional wrestling programming and live events, including its flagship brands and premium events, while also generating revenue through media rights, sponsorships, licensing, merchandise, and digital content.
TKO serves audiences and commercial partners internationally through televised and streaming programming, live events, and licensed products.
Featured Articles
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].
