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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,589 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the completion of the transaction, the director directly owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• On Monday, April 6th, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $198.59, for a total transaction of $1,890,179.62.

TKO Group Trading Down 0.5%

TKO stock opened at $200.12 on Wednesday. The firm has a fifty day moving average price of $193.59 and a 200 day moving average price of $201.00. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. 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 firm has a market cap of $38.85 billion, a PE ratio of 74.67 and a beta of 0.59.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the firm posted $0.69 earnings per share. TKO Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts anticipate that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.79 dividend. 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 yield of 1.6%. The ex-dividend date is Monday, June 15th. TKO Group’s dividend payout ratio is 117.91%.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in TKO. Vontobel Holding Ltd. lifted its position in shares of TKO Group by 108,668.4% during the fourth quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after purchasing an additional 1,267,073 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after purchasing an additional 1,128,749 shares during the last quarter. State Street Corp lifted 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 purchasing an additional 887,401 shares during the last quarter. Norges Bank bought a new stake in shares of TKO Group during the fourth quarter worth $150,602,000. Finally, Alliancebernstein L.P. lifted its position in shares of TKO Group by 551.8% during the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after purchasing an additional 419,021 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TKO. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Citizens Jmp began coverage on TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price target for the company. Pivotal Research raised their price target on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, UBS Group raised their price target on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $233.73.

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.