TKO Group (NYSE:TKO) Director Nick Khan Sells 9,518 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,518 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $201.31, for a total value of $1,916,068.58. Following the transaction, the director owned 119,566 shares in the company, valued at $24,069,831.46. This trade represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, January 22nd, Nick Khan sold 7,744 shares of TKO Group stock. The stock was sold at an average price of $201.98, for a total value of $1,564,133.12.
• On Monday, January 5th, Nick Khan sold 37,425 shares of TKO Group stock. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25.
• 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 transaction of $1,857,728.04.
• On Monday, November 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $188.26, for a total transaction of $1,792,046.94.

TKO Group Price Performance

Shares of TKO Group stock opened at $203.63 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. TKO Group Holdings, Inc. has a 52-week low of $133.07 and a 52-week high of $218.11. The company has a fifty day moving average of $202.60 and a 200-day moving average of $191.46. The stock has a market capitalization of $39.72 billion, a price-to-earnings ratio of 78.02 and a beta of 0.62.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its position in shares of TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 105 shares during the period. Golden State Wealth Management LLC lifted its holdings in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the period. Cromwell Holdings LLC boosted its position in TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of TKO Group during the 4th quarter worth approximately $35,000. Finally, Atlantic Union Bankshares Corp raised its position in shares of TKO Group by 1,680.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley set a $210.00 price objective on TKO Group in a research report on Thursday, December 18th. Susquehanna reaffirmed a “positive” rating and issued a $251.00 target price on shares of TKO Group in a research note on Monday, January 19th. TD Cowen reiterated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Wolfe Research reissued an “outperform” rating and issued a $227.00 price target on shares of TKO Group in a report on Monday, December 15th. Finally, Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $227.73.

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.