TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan Sells 22,693 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the transaction, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TKO Group Stock Up 1.4 %

Shares of NYSE:TKO traded up $1.52 on Wednesday, hitting $107.10. 714,189 shares of the company’s stock were exchanged, compared to its average volume of 1,154,277. The firm’s 50-day moving average is $107.57 and its 200 day moving average is $94.91. The company has a market capitalization of $18.24 billion, a PE ratio of -106.04 and a beta of 1.04. TKO Group Holdings, Inc. has a 1-year low of $72.33 and a 1-year high of $113.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $1.63. The business had revenue of $629.70 million during the quarter, compared to analysts’ expectations of $609.28 million. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. Sell-side analysts predict that TKO Group Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen raised TKO Group from a “hold” rating to a “buy” rating and upped their price target for the company from $92.00 to $127.00 in a research note on Wednesday, May 15th. Redburn Atlantic assumed coverage on TKO Group in a report on Thursday, July 18th. They issued a “buy” rating and a $129.00 price objective on the stock. Jefferies Financial Group boosted their price objective on TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a report on Friday, April 12th. Morgan Stanley boosted their price objective on TKO Group from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, July 15th. Finally, Roth Mkm upped their price target on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lecap Asset Management Ltd. acquired a new position in shares of TKO Group during the 2nd quarter worth about $274,000. MFA Wealth Advisors LLC acquired a new stake in shares of TKO Group in the 2nd quarter valued at about $36,000. Ninety One SA PTY Ltd boosted its position in shares of TKO Group by 12.0% in the 2nd quarter. Ninety One SA PTY Ltd now owns 87,862 shares of the company’s stock valued at $9,484,000 after purchasing an additional 9,431 shares during the period. Ninety One UK Ltd boosted its position in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of TKO Group by 8.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock valued at $552,000 after purchasing an additional 419 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.