TKO Group (NYSE:TKO) Director Nick Khan Sells 7,744 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 7,744 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $1,564,133.12. Following the completion of the transaction, the director owned 129,084 shares of the company’s stock, valued at approximately $26,072,386.32. This trade represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 5th, Nick Khan sold 37,425 shares of TKO Group stock. The stock was sold at an average price of $204.01, for a total transaction of $7,635,074.25.
• On Wednesday, December 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The shares were sold at an average price of $195.16, for a total transaction of $1,857,728.04.
• On Monday, November 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $188.26, for a total transaction of $1,792,046.94.

TKO Group Trading Down 2.0%

Shares of TKO Group stock traded down $4.07 during trading on Thursday, hitting $200.35. The company’s stock had a trading volume of 969,942 shares, compared to its average volume of 783,191. The stock has a market cap of $39.08 billion, a price-to-earnings ratio of 76.76 and a beta of 0.62. TKO Group Holdings, Inc. has a 52 week low of $133.07 and a 52 week high of $218.11. The stock has a 50-day moving average price of $201.78 and a two-hundred day moving average price of $190.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. Equities research analysts anticipate that TKO Group Holdings, Inc. will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $0.78 dividend. The ex-dividend date was Monday, December 15th. This is a boost from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 119.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TKO shares. Morgan Stanley set a $210.00 price target on shares of TKO Group in a research report on Thursday, December 18th. Wolfe Research restated an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a report on Monday, December 15th. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Susquehanna reissued a “positive” rating and issued a $251.00 price objective on shares of TKO Group in a research report on Monday. Finally, Guggenheim boosted their price objective on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $227.73.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of TKO Group by 20.3% during the 3rd 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 in the last quarter. Ninety One UK Ltd raised its stake in TKO Group by 2.4% during the 3rd quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock worth $1,002,530,000 after buying an additional 113,996 shares during the period. Massachusetts Financial Services Co. MA boosted 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 worth $665,826,000 after acquiring an additional 1,128,749 shares in the last quarter. Invesco Ltd. grew its stake in TKO Group by 26.9% in the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock valued at $328,670,000 after acquiring an additional 383,325 shares during the period. Finally, UBS Group AG grew its stake in TKO Group by 31.7% in the third quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock valued at $257,326,000 after acquiring an additional 307,000 shares during the period. 89.79% of the stock is owned by 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.