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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 10,081 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $183.56, for a total value of $1,850,468.36. Following the sale, the director owned 61,931 shares of the company’s stock, valued at approximately $11,368,054.36. This represents a 14.00% decrease in their ownership of the stock. The sale was disclosed in a 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 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.
• 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.

TKO Group Stock Up 1.9%

TKO opened at $186.35 on Wednesday. The company has a market capitalization of $36.18 billion, a PE ratio of 69.54 and a beta of 0.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94. The business has a 50-day moving average of $195.42 and a 200-day moving average of $198.06.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts forecast that TKO Group Holdings, Inc. will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.79 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s payout ratio is presently 117.91%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its position in shares of TKO Group by 711.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock valued at $5,394,000 after purchasing an additional 22,629 shares during the period. NFJ Investment Group LLC acquired a new position in shares of TKO Group in the fourth quarter valued at $3,969,000. Perpetual Ltd bought a new position in TKO Group in the fourth quarter worth $26,046,000. Ninety One SA Pty Ltd lifted its position in TKO Group by 86.2% in the fourth quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock worth $27,836,000 after purchasing an additional 61,657 shares during the period. Finally, Todd Asset Management LLC acquired a new stake in TKO Group during the fourth quarter worth $26,150,000. Institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Roth Capital set a $228.00 price objective on shares of TKO Group in a report on Monday, May 4th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Sanford C. Bernstein cut their target price on TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Eleven 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, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.53.

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.