TKO Group (NYSE:TKO) Director Nick Khan Sells 9,589 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,589 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the sale, the director owned 39,344 shares of the company’s stock, valued at approximately $7,757,456.48. The trade was a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Tuesday, July 21st, Nick Khan sold 12,998 shares of TKO Group stock. The stock was sold at an average price of $181.11, for a total value of $2,354,067.78.
• On Monday, July 13th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was 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 stock was sold at an average price of $207.56, for a total value of $1,990,292.84.

TKO Group Trading Up 0.9%

TKO Group stock traded up $1.76 during trading hours on Friday, reaching $201.44. 955,701 shares of the company’s stock traded hands, compared to its average volume of 1,082,352. The firm has a market capitalization of $38.13 billion, a price-to-earnings ratio of 70.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. TKO Group Holdings, Inc. has a fifty-two week low of $176.00 and a fifty-two week high of $226.94. The firm’s 50 day moving average is $193.17 and its 200-day moving average is $196.75.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. On average, analysts predict that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is presently 110.88%.

Analyst Ratings Changes

Several analysts have commented on TKO shares. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Guggenheim lifted their price objective on TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $237.14.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently bought and sold shares of the company. Vontobel Holding Ltd. boosted 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 purchasing an additional 1,267,073 shares in the last quarter. State Street Corp increased its position in shares of TKO Group by 20.3% in 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 in the last quarter. Norges Bank bought a new stake in shares of TKO Group in the 4th quarter valued at $150,602,000. Alliancebernstein L.P. raised its stake in TKO Group by 551.8% during the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after buying an additional 419,021 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in TKO Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after buying an additional 395,040 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.