TKO Group (NYSE:TKO) Director Nick Khan Sells 12,998 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 12,998 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $181.11, for a total transaction of $2,354,067.78. Following the completion of the transaction, the director directly owned 48,933 shares in the company, valued at approximately $8,862,255.63. This represents a 20.99% decrease in their position. The sale was disclosed in a document filed 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 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 transaction of $1,850,468.36.
• 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 value 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 value of $1,770,252.82.

TKO Group Stock Up 2.3%

Shares of TKO traded up $4.15 during midday trading on Tuesday, reaching $187.01. 185,388 shares of the company were exchanged, compared to its average volume of 1,275,925. The stock has a 50-day moving average price of $195.55 and a 200-day moving average price of $198.18. The company has a market cap of $36.30 billion, a price-to-earnings ratio of 69.80 and a beta of 0.60. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

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

TKO Group Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research note on Thursday, May 7th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Roth Capital set a $228.00 price objective on shares of TKO Group in a report on Monday, May 4th. Sanford C. Bernstein decreased their price objective on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.53.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in shares of TKO Group by 20.3% during the third 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 in the last quarter. Ninety One UK Ltd raised its holdings in TKO Group by 0.8% in the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after acquiring an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after acquiring an additional 1,128,749 shares in the last quarter. XN LP boosted 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 valued at $599,191,000 after acquiring an additional 169,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted 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 valued at $496,008,000 after acquiring an additional 395,040 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other 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.