Nick Khan Sells 10,081 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 10,081 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $183.56, for a total transaction of $1,850,468.36. Following the completion of the sale, the director owned 61,931 shares in the company, valued at approximately $11,368,054.36. The trade was a 14.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 Tuesday, July 21st, Nick Khan sold 12,998 shares of TKO Group stock. The stock was sold at an average price of $181.11, for a total transaction 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 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 transaction of $1,990,292.84.
• 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 transaction of $1,770,252.82.

TKO Group Stock Performance

NYSE:TKO opened at $187.46 on Thursday. The firm’s 50-day moving average is $195.28 and its 200-day moving average is $197.96. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-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 company has a market cap of $36.39 billion, a price-to-earnings ratio of 69.95 and a beta of 0.60.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS 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 business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current year.

TKO Group Increases Dividend

The company 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. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is currently 117.91%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TKO shares. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Sanford C. Bernstein decreased their price target on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday. 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 a consensus rating of “Moderate Buy” and an average price target of $233.53.

Institutional Inflows and Outflows

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

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.