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 company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $198.59, for a total value of $1,890,179.62. Following the completion of the transaction, the director directly owned 100,618 shares in the company, valued at approximately $19,981,728.62. The trade was a 8.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 3rd, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22.
• On Thursday, January 22nd, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $201.31, for a total value of $1,916,068.58.
• On Thursday, January 22nd, Nick Khan sold 7,744 shares of TKO Group stock. The shares were sold at an average price of $201.98, for a total value of $1,564,133.12.

TKO Group Stock Down 2.1%

Shares of NYSE TKO traded down $4.06 during mid-day trading on Tuesday, reaching $192.96. 1,637,555 shares of the company traded hands, compared to its average volume of 1,606,705. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $37.46 billion, a PE ratio of 85.76 and a beta of 0.69. The company’s fifty day moving average is $204.33 and its two-hundred day moving average is $199.57. TKO Group Holdings, Inc. has a fifty-two week low of $136.11 and a fifty-two week high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is currently 138.67%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. UBS Group raised their target price on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research lowered TKO Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. BTIG Research lowered their target price on TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Citizens Jmp assumed coverage on TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $232.25.

Institutional Trading of TKO Group

Hedge funds have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of TKO Group in the 4th quarter worth approximately $27,000. Cromwell Holdings LLC lifted its position in shares of TKO Group by 1,360.0% in the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the period. Torren Management LLC bought a new stake in shares of TKO Group in the 4th quarter worth approximately $32,000. CYBER HORNET ETFs LLC bought a new stake in shares of TKO Group in the 2nd quarter worth approximately $34,000. Finally, Aventura Private Wealth LLC bought a new position in shares of TKO Group during the 4th quarter worth approximately $35,000. Institutional investors own 89.79% of the company’s stock.

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.