TKO Group (NYSE:TKO) Director Sells $1,603,328.72 in Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 8,248 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $1,603,328.72. Following the sale, the director directly owned 45,886 shares of the company’s stock, valued at $8,919,779.54. This represents a 15.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 Wednesday, August 19th, Nick Khan sold 6,546 shares of TKO Group stock. The stock was sold at an average price of $199.41, for a total transaction of $1,305,337.86.
• On Thursday, August 13th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $197.17, for a total transaction of $1,890,663.13.
• On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The stock was sold at an average price of $183.56, for a total transaction of $1,850,468.36.
• 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 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 shares were sold at an average price of $207.56, for a total value of $1,990,292.84.

TKO Group Price Performance

Shares of NYSE:TKO traded up $9.84 during trading on Wednesday, hitting $201.95. 949,299 shares of the company’s stock were exchanged, compared to its average volume of 1,093,496. The business’s 50-day simple moving average is $192.69 and its 200 day simple moving average is $196.66. The company has a market cap of $38.22 billion, a price-to-earnings ratio of 70.86 and a beta of 0.63. TKO Group Holdings, Inc. has a 52-week low of $176.00 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 5.18 EPS for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.79 per share. The ex-dividend date was Monday, June 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is 110.88%.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares during the last quarter. XN LP increased its holdings in shares of TKO Group by 6.3% during the 4th quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after purchasing an additional 169,574 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TKO Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares in the last quarter. Geode Capital Management LLC boosted its position in TKO Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,855,077 shares of the company’s stock worth $387,072,000 after purchasing an additional 49,486 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of TKO Group by 22.5% during the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after buying an additional 256,305 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Benchmark reissued a “hold” rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Morgan Stanley lifted their price objective on TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and an average price target of $238.08.

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.