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

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82. Following the transaction, the director owned 91,100 shares of the company’s stock, valued at $16,943,689. This represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, April 6th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $198.59, for a total value of $1,890,179.62.
  • 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 transaction of $2,096,720.22.

TKO Group Trading Up 2.0%

Shares of TKO opened at $190.62 on Thursday. The stock has a fifty day moving average of $197.67 and a two-hundred day moving average of $198.70. 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 company has a market capitalization of $37.00 billion, a PE ratio of 84.72 and a beta of 0.57. TKO Group Holdings, Inc. has a fifty-two week low of $152.29 and a fifty-two week high of $226.94.

TKO Group (NYSE:TKOGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.TKO Group’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. As a group, analysts forecast that TKO Group Holdings, Inc. will post 4.59 EPS for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.78 dividend. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s payout ratio is 138.67%.

Trending Headlines about TKO Group

Here are the key news stories impacting TKO Group this week:

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates acquired a new stake in shares of TKO Group during the 1st quarter worth $1,657,000. Heartland Bank & Trust Co acquired a new stake in shares of TKO Group during the 1st quarter worth $473,000. Cornerstone Planning Group LLC increased its holdings in shares of TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Assetmark Inc. increased its holdings in shares of TKO Group by 5.5% during the 1st quarter. Assetmark Inc. now owns 23,203 shares of the company’s stock worth $4,679,000 after buying an additional 1,218 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of TKO Group by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 3,205 shares of the company’s stock worth $647,000 after buying an additional 215 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TKO. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Susquehanna reiterated a “positive” rating and issued a $251.00 price target on shares of TKO Group in a report on Monday, January 19th. Sanford C. Bernstein cut their price target on TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average target price of $230.88.

Read Our Latest Report on TKO

About TKO Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for TKO Group (NYSE:TKO)

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