TKO Group (NYSE:TKO) Director Sells $1,850,468.36 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 10,081 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $183.56, for a total transaction of $1,850,468.36. Following the sale, the director owned 61,931 shares in the company, valued at $11,368,054.36. This trade represents a 14.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 stock was sold at an average price of $181.11, for a total transaction 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 transaction of $1,751,239.07.
• On Friday, June 12th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were 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 value of $1,770,252.82.

TKO Group Stock Performance

TKO Group stock traded up $4.14 during trading hours on Tuesday, reaching $187.00. 185,388 shares of the company were exchanged, compared to its average volume of 1,275,925. The stock has a 50-day moving average of $195.55 and a 200 day moving average of $198.18. TKO Group Holdings, Inc. has a 12 month low of $152.29 and a 12 month high of $226.94. The firm has a market cap of $36.30 billion, a price-to-earnings ratio of 69.80 and a beta of 0.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, research analysts anticipate that TKO Group Holdings, Inc. will post 4.94 earnings per share for the current year.

TKO Group Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Amundi raised its stake in shares of TKO Group by 338.7% during the 1st quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after purchasing an additional 1,050 shares during the period. AQR Capital Management LLC increased its position in TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after buying an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after acquiring an additional 8,595 shares during the period. United Services Automobile Association purchased a new stake in shares of TKO Group during the 1st quarter valued at approximately $218,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of TKO Group by 127.7% in the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock worth $78,000 after acquiring an additional 286 shares during the period. Institutional investors own 89.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TKO shares. Zacks Research raised TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Sanford C. Bernstein decreased their price objective on shares of TKO Group from $240.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday. Roth Capital set a $228.00 price target on shares of TKO Group in a report on Monday, May 4th. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $233.53.

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.