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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 9,518 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the transaction, the director owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. The trade was a 7.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, January 22nd, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $201.31, for a total transaction 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 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.

TKO Group Stock Performance

TKO Group stock traded down $4.05 during trading on Wednesday, hitting $215.89. The stock had a trading volume of 875,646 shares, compared to its average volume of 834,338. The stock’s 50 day moving average is $207.96 and its two-hundred day moving average is $198.47. TKO Group Holdings, Inc. has a 1 year low of $133.07 and a 1 year high of $226.94. The stock has a market cap of $42.12 billion, a price-to-earnings ratio of 95.95 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TKO Group’s payout ratio is 138.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TKO shares. BTIG Research reduced their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Wolfe Research reissued an “outperform” rating and issued a $227.00 price target on shares of TKO Group in a report on Monday, December 15th. Morgan Stanley set a $210.00 price objective on shares of TKO Group in a research report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Finally, Roth Mkm restated a “buy” rating and set a $240.00 price target on shares of TKO Group in a research report on Thursday, February 12th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.40.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. raised its position in TKO Group by 20.9% in the 3rd quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock worth $110,084,000 after purchasing an additional 94,100 shares during the period. Moran Wealth Management LLC increased its holdings in shares of TKO Group by 95.2% in the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock worth $7,885,000 after buying an additional 19,040 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of TKO Group by 558.3% in the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock worth $6,734,000 after buying an additional 28,277 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of TKO Group in the 3rd quarter valued at about $2,678,000. Finally, Triasima Portfolio Management inc. boosted its holdings in TKO Group by 258.1% during the 3rd quarter. Triasima Portfolio Management inc. now owns 11,993 shares of the company’s stock valued at $2,422,000 after acquiring an additional 8,644 shares during the period. Hedge funds and other 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.