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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $182.63, for a total value of $1,751,239.07. Following the completion of the transaction, the director owned 72,013 shares in the company, valued at approximately $13,151,734.19. This represents a 11.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $1,990,292.84.
• On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82.

TKO Group Price Performance

Shares of TKO traded up $3.70 during mid-day trading on Tuesday, reaching $184.66. The company had a trading volume of 1,774,882 shares, compared to its average volume of 1,608,542. The company has a market capitalization of $35.85 billion, a price-to-earnings ratio of 68.90 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The company’s 50 day simple moving average is $196.53 and its 200 day simple moving average is $199.95. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Analysts expect that TKO Group Holdings, Inc. will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is presently 117.91%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Roth Capital set a $228.00 price objective on TKO Group in a research report on Monday, May 4th. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Sanford C. Bernstein dropped their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Finally, Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average price target of $233.73.

Institutional Trading of TKO Group

Institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new stake in TKO Group in the fourth quarter valued at $27,000. Cornerstone Planning Group LLC lifted its holdings in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after buying an additional 125 shares during the period. Torren Management LLC acquired a new position in TKO Group during the 4th quarter worth about $32,000. CYBER HORNET ETFs LLC bought a new stake in shares of TKO Group in the 2nd quarter valued at about $34,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of TKO Group in the 4th quarter valued at about $35,000. Institutional investors own 89.79% of the company’s stock.

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.