TKO Group (NYSE:TKO) Director Nick Khan Sells 6,546 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 6,546 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $199.41, for a total transaction of $1,305,337.86. Following the transaction, the director directly owned 39,340 shares of the company’s stock, valued at $7,844,789.40. This represents a 14.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The stock was sold at an average price of $194.39, for a total value of $1,603,328.72.
• On Thursday, August 13th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13.
• On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The stock was 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 shares were 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 transaction of $1,751,239.07.
• On Friday, June 12th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $207.56, for a total transaction of $1,990,292.84.

TKO Group Stock Up 5.1%

TKO traded up $9.84 during trading on Wednesday, hitting $201.95. 949,299 shares of the company’s stock traded hands, compared to its average volume of 1,093,496. TKO Group Holdings, Inc. has a 12-month low of $176.00 and a 12-month high of $226.94. The company’s 50 day simple moving average is $192.69 and its two-hundred day simple moving average is $196.66. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $38.22 billion, a price-to-earnings ratio of 70.86 and a beta of 0.63.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts predict that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.79 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi raised its stake in TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after buying an additional 1,050 shares during the last quarter. AQR Capital Management LLC boosted its stake in TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after purchasing an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TKO Group by 4,722.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after purchasing an additional 8,595 shares in the last quarter. United Services Automobile Association purchased a new position in shares of TKO Group in the first quarter worth about $218,000. Finally, Geneos Wealth Management Inc. grew its holdings in TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TKO. Sanford C. Bernstein decreased their price target on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Morgan Stanley boosted their target price on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. BTIG Research restated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $238.08.

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.