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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,589 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $197.17, for a total transaction of $1,890,663.13. Following the sale, the director owned 39,344 shares in the company, valued at approximately $7,757,456.48. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The shares were 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 shares were sold at an average price of $182.63, for a total value of $1,751,239.07.
• On Friday, June 12th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84.

TKO Group Stock Up 0.9%

Shares of TKO Group stock opened at $201.44 on Friday. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 70.68 and a beta of 0.63. TKO Group Holdings, Inc. has a twelve month low of $176.00 and a twelve month high of $226.94. 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 business’s 50 day simple moving average is $193.17 and its 200-day simple moving average is $196.75.

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

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.79 dividend. The ex-dividend date was Monday, June 15th. This is a positive change 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%. TKO Group’s dividend payout ratio (DPR) is 110.88%.

Hedge Funds Weigh In On TKO Group

Hedge funds have recently modified their holdings of the company. Swiss Life Asset Management Ltd grew its holdings in TKO Group by 711.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock worth $5,394,000 after acquiring an additional 22,629 shares during the period. NFJ Investment Group LLC acquired a new stake in TKO Group in the 4th quarter valued at about $3,969,000. Todd Asset Management LLC acquired a new stake in TKO Group in the 4th quarter valued at about $26,150,000. Hsbc Holdings PLC lifted its holdings in TKO Group by 38.1% in the 4th quarter. Hsbc Holdings PLC now owns 105,333 shares of the company’s stock valued at $22,115,000 after acquiring an additional 29,076 shares during the last quarter. Finally, Ninety One SA Pty Ltd boosted its position in shares of TKO Group by 86.2% during the 4th quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock valued at $27,836,000 after purchasing an additional 61,657 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TKO shares. Guggenheim upped their price target on shares of TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. Roth Capital reissued a “buy” rating and set a $230.00 target price on shares of TKO Group in a research note on Tuesday, August 4th. Morgan Stanley upped their target price on shares of TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein decreased their target price 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, July 28th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.