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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total value of $2,096,720.22. Following the transaction, the director owned 110,048 shares in the company, valued at $24,242,473.92. This trade represents a 7.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 22nd, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $201.31, for a total transaction of $1,916,068.58.
• On Thursday, January 22nd, Nick Khan sold 7,744 shares of TKO Group stock. The shares were 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 value of $7,635,074.25.

TKO Group Stock Performance

Shares of TKO stock opened at $215.89 on Thursday. The company’s fifty day simple moving average is $207.96 and its 200-day simple moving average is $198.47. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $226.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The firm has a market cap of $42.12 billion, a PE ratio of 95.95 and a beta of 0.66.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. TKO Group’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. Equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 16th. TKO Group’s dividend payout ratio is presently 138.67%.

Institutional Trading of TKO Group

Several hedge funds have recently bought and sold shares of TKO. Vontobel Holding Ltd. increased its position in shares of TKO Group by 108,668.4% during the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after acquiring an additional 1,267,073 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 54.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares during the period. State Street Corp increased its holdings in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after buying an additional 887,401 shares during the last quarter. Norges Bank purchased a new stake in shares of TKO Group during the 2nd quarter worth approximately $132,441,000. Finally, Alliancebernstein L.P. raised its stake in shares of TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock valued at $90,059,000 after buying an additional 419,021 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analysts Set New Price Targets

TKO has been the topic of a number of research reports. Morgan Stanley set a $210.00 price target on shares of TKO Group in a research note on Thursday, December 18th. Sanford C. Bernstein increased their price objective on shares of TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. BTIG Research dropped their price objective on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $240.00 price objective on shares of TKO Group in a report on Thursday, February 12th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.40.

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.