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 the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $182.63, for a total value of $1,751,239.07. Following the transaction, the director directly owned 72,013 shares of the company’s stock, valued at approximately $13,151,734.19. The trade was a 11.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

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

TKO Group Price Performance

TKO stock opened at $185.78 on Thursday. The stock has a market cap of $36.06 billion, a price-to-earnings ratio of 69.32 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50 day simple moving average of $196.43 and a 200 day simple moving average of $199.73. 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 posted its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. Research analysts anticipate that TKO Group Holdings, Inc. will post 4.95 EPS for the current fiscal year.

TKO Group Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Amundi boosted its stake in shares of TKO Group by 338.7% in the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after purchasing an additional 1,050 shares during the last quarter. AQR Capital Management LLC lifted its holdings in TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after buying an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TKO Group by 4,722.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after buying an additional 8,595 shares during the period. United Services Automobile Association bought a new stake in TKO Group during the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. boosted its position in TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TKO. Sanford C. Bernstein lowered their price objective on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and set a $237.00 price target on shares of TKO Group in a research note on Thursday, May 7th. Finally, Roth Capital set a $228.00 price target on shares of TKO Group in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.07.

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.