Nick Khan Sells 12,998 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 12,998 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $181.11, for a total value of $2,354,067.78. Following the completion of the transaction, the director owned 48,933 shares of the company’s stock, valued at $8,862,255.63. The trade was a 20.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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 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 shares were sold at an average price of $185.99, for a total transaction of $1,770,252.82.

TKO Group Stock Up 0.8%

Shares of TKO opened at $187.46 on Thursday. The company’s 50-day moving average price is $195.28 and its 200 day moving average price is $197.96. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm has a market cap of $36.39 billion, a P/E ratio of 69.95 and a beta of 0.60.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. On average, sell-side analysts forecast that TKO Group Holdings, Inc. will post 4.94 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. Investors of record on Monday, June 15th were issued a $0.79 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 annualized dividend and a yield of 1.7%. TKO Group’s payout ratio is 117.91%.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd grew its stake in TKO Group by 711.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock worth $5,394,000 after purchasing an additional 22,629 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in TKO Group in the 4th quarter valued at about $3,969,000. Perpetual Ltd acquired a new stake in TKO Group in the 4th quarter valued at about $26,046,000. Ninety One SA Pty Ltd boosted its stake in shares of TKO Group by 86.2% in the 4th quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock valued at $27,836,000 after buying an additional 61,657 shares during the period. Finally, Todd Asset Management LLC purchased a new position in shares of TKO Group in the 4th quarter valued at about $26,150,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TKO shares. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Roth Capital set a $228.00 price objective on TKO Group in a report on Monday, May 4th. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Sanford C. Bernstein lowered their target price on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.