TKO Group (NYSE:TKO) Director Nick Khan Sells 9,518 Shares

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,518 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.31, for a total transaction of $1,916,068.58. Following the transaction, the director directly owned 119,566 shares in the company, valued at approximately $24,069,831.46. The trade was a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 22nd, Nick Khan sold 7,744 shares of TKO Group stock. The stock was sold at an average price of $201.98, for a total transaction of $1,564,133.12.
• 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 stock was sold at an average price of $195.16, for a total value 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 value of $1,792,046.94.

TKO Group Stock Down 0.6%

TKO traded down $1.28 on Monday, reaching $203.63. The company’s stock had a trading volume of 807,044 shares, compared to its average volume of 982,409. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $218.11. The business’s 50 day moving average is $202.22 and its 200 day moving average is $191.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $39.72 billion, a price-to-earnings ratio of 78.02 and a beta of 0.62.

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

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.78 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group’s payout ratio is currently 119.54%.

Institutional Trading of TKO Group

Large investors have recently modified their holdings of the company. State Street Corp boosted its stake in TKO Group by 20.3% during the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares during the period. Ninety One UK Ltd raised its holdings in shares of TKO Group by 2.4% during the third quarter. Ninety One UK Ltd now owns 4,964,002 shares of the company’s stock valued at $1,002,530,000 after buying an additional 113,996 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after buying an additional 1,128,749 shares during the last quarter. Invesco Ltd. boosted its position in shares of TKO Group by 26.9% during the second quarter. Invesco Ltd. now owns 1,806,377 shares of the company’s stock worth $328,670,000 after buying an additional 383,325 shares during the period. Finally, UBS Group AG grew its holdings in TKO Group by 31.7% in the 3rd quarter. UBS Group AG now owns 1,274,142 shares of the company’s stock worth $257,326,000 after buying an additional 307,000 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

TKO has been the topic of several research analyst reports. Pivotal Research increased their price target on shares of TKO Group from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Seaport Research Partners upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. TD Cowen reiterated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Morgan Stanley set a $210.00 price target on TKO Group in a report on Thursday, December 18th. Finally, Zacks Research cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Fourteen 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $227.73.

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.