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 company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84. Following the transaction, the director owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82.
• On Monday, April 6th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $198.59, for a total value of $1,890,179.62.

TKO Group Trading Down 2.6%

NYSE:TKO opened at $194.79 on Thursday. TKO Group Holdings, Inc. has a 1 year low of $152.29 and a 1 year high of $226.94. The stock has a market cap of $37.81 billion, a price-to-earnings ratio of 72.68 and a beta of 0.59. The business has a fifty day moving average of $193.55 and a 200-day moving average of $201.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities analysts predict that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date is Monday, June 15th. TKO Group’s payout ratio is currently 117.91%.

Analyst Ratings Changes

TKO has been the topic of several research reports. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. 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. Citigroup cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. TD Cowen boosted their price target on shares of TKO Group from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Finally, Pivotal Research boosted their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $233.73.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently modified their holdings of TKO. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Torren Management LLC purchased a new stake in TKO Group in the 4th quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group in the 2nd quarter worth about $34,000. Finally, Aventura Private Wealth LLC purchased a new stake in TKO Group in the 4th quarter worth about $35,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.