TKO Group (NYSE:TKO) Director Sells 37,425 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.01, for a total value of $7,635,074.25. Following the completion of the sale, the director directly owned 122,868 shares of the company’s stock, valued at approximately $25,066,300.68. This represents a 23.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $195.16, for a total value of $1,857,728.04.
• 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.

TKO Group Trading Down 1.6%

Shares of NYSE TKO traded down $3.32 during trading on Monday, hitting $203.62. 1,279,534 shares of the company traded hands, compared to its average volume of 1,062,487. The firm has a market capitalization of $39.72 billion, a P/E ratio of 78.01 and a beta of 0.62. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $196.84 and a 200-day moving average price of $188.53. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. TKO Group’s revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. On average, equities analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group announced that its board has initiated a share buyback program on Monday, September 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio (DPR) is presently 119.54%.

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its position in shares of TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of TKO Group by 2.4% in the 3rd quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after purchasing an additional 113,996 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in 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 purchasing an additional 53,818 shares during the period. Invesco Ltd. grew its stake in TKO Group by 26.9% during the 2nd quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after buying an additional 383,325 shares during the last quarter. Finally, UBS Group AG increased its position in TKO Group by 31.7% in the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after buying an additional 307,000 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TKO. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $218.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Pivotal Research increased their price target on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 6th. UBS Group boosted their price objective on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Finally, Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.00.

About TKO Group

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.