TKO Group (NYSE:TKO) Director Nick Khan Sells 12,998 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 12,998 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $181.11, for a total value of $2,354,067.78. Following the completion of the transaction, the director directly owned 48,933 shares in the company, valued at approximately $8,862,255.63. This trade represents a 20.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 Monday, July 13th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were 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.
• On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82.

TKO Group Price Performance

TKO Group stock opened at $186.35 on Wednesday. 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 firm has a market capitalization of $36.18 billion, a P/E ratio of 69.54 and a beta of 0.60. The business has a 50-day moving average of $195.42 and a 200-day moving average of $198.06. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. On average, equities analysts anticipate that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The company also recently declared 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. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s payout ratio is 117.91%.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. Elyxium Wealth LLC bought a new stake in shares of TKO Group in the fourth quarter valued at about $27,000. Cornerstone Planning Group LLC grew its holdings in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Torren Management LLC bought a new position in shares of TKO Group during the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC acquired a new stake in TKO Group in the 2nd quarter valued at approximately $34,000. Finally, MUFG Securities EMEA plc bought a new stake in TKO Group in the 2nd quarter valued at approximately $36,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TKO. BTIG Research restated a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a research report on Thursday, May 7th. Roth Capital set a $228.00 target price on TKO Group in a report on Monday, May 4th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Guggenheim dropped their price target on TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.53.

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.