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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,518 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $198.59, for a total value of $1,890,179.62. Following the completion of the transaction, the director directly owned 100,618 shares in the company, valued at approximately $19,981,728.62. The trade was a 8.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 3rd, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $220.29, for a total value of $2,096,720.22.
• On Thursday, January 22nd, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $201.31, for a total value 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.

TKO Group Price Performance

Shares of NYSE TKO opened at $192.96 on Wednesday. TKO Group Holdings, Inc. has a twelve month low of $136.11 and a twelve month high of $226.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $37.46 billion, a price-to-earnings ratio of 85.76 and a beta of 0.69. The business has a 50 day simple moving average of $204.33 and a 200-day simple moving average of $199.57.

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

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, March 16th. TKO Group’s payout ratio is 138.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TKO. BTIG Research lowered their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Wall Street Zen downgraded TKO Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Zacks Research downgraded TKO Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. JPMorgan Chase & Co. boosted their price target on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Finally, Citizens Jmp began coverage on TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $232.25.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in TKO Group by 20.3% during the 3rd 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. Ninety One UK Ltd grew its stake in TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after buying an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in TKO Group by 54.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after buying an additional 1,128,749 shares during the last quarter. XN LP grew its stake in TKO Group by 6.3% during the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after buying an additional 169,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew 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 last quarter. 89.79% of the stock is currently owned by institutional investors.

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.