Nick Khan Sells 6,546 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 6,546 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $199.41, for a total transaction of $1,305,337.86. Following the completion of the sale, the director owned 39,340 shares of the company’s stock, valued at approximately $7,844,789.40. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The stock was 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 transaction 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.
• 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.

TKO Group Stock Performance

Shares of TKO stock opened at $195.54 on Friday. The stock’s 50-day moving average price is $192.32 and its 200 day moving average price is $196.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $37.01 billion, a PE ratio of 68.61 and a beta of 0.63. TKO Group Holdings, Inc. has a 52-week low of $176.00 and a 52-week high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $1.17 earnings per share. The firm’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 5.18 EPS for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.79 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s dividend payout ratio is 110.88%.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. XN LP boosted its holdings in TKO Group by 6.3% during the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after buying an additional 169,574 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in TKO Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after buying an additional 395,040 shares during the period. Geode Capital Management LLC grew its position in TKO Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock worth $387,072,000 after buying an additional 49,486 shares during the period. Finally, Bank of America Corp DE increased its holdings in TKO Group by 22.5% in the first quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock valued at $281,045,000 after buying an additional 256,305 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group News Roundup

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: Wall Street’s generally favorable view is supported by TKO’s UFC and WWE media-rights agreements. The UFC’s $7.7 billion Paramount agreement could expand distribution and reduce barriers for viewers, while WWE’s $1.6 billion ESPN deal may provide recurring content revenue, broader reach and potential pricing power. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.08. TKO Group Holdings: WWE And UFC Are The Jewels
• Neutral Sentiment: CEO Ariel Emanuel, CFO Andrew M. Schleimer, director Nick Khan and insider Mark S. Shapiro collectively sold approximately $13.4 million of TKO shares on August 18–19. The SEC filings identify the transactions as sales to cover tax-withholding obligations connected with vested equity awards, rather than discretionary sales. Each executive retained a substantial stake after the transactions. Ariel Emanuel SEC filing Andrew Schleimer SEC filing Nick Khan SEC filing
• Negative Sentiment: The concentration of sales by senior executives may still weigh on sentiment and create modest technical selling pressure, even though the transactions were tax-related. Director Nick Khan separately sold 6,546 shares for about $1.3 million on August 19, following an additional 8,248-share sale the previous day. TKO also trades at roughly 69–71 times earnings, leaving the stock vulnerable if UFC deal-related margin pressure or slower-than-expected WWE subscriber growth undermines its growth outlook.

Analyst Ratings Changes

A number of equities analysts have commented on TKO shares. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. Sanford C. Bernstein lowered their target price on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Guggenheim boosted their price target on shares of TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Benchmark reissued a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Finally, BTIG Research restated a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a research report on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $238.08.

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.