Nick Khan Sells 9,589 Shares of TKO Group (NYSE:TKO) Stock

by · The Cerbat Gem

TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) Director Nick Khan sold 9,589 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the completion of the sale, the director directly owned 81,511 shares in the company, valued at approximately $16,918,423.16. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82.
  • 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 transaction of $1,890,179.62.

TKO Group Stock Performance

Shares of TKO stock traded down $1.07 during trading hours on Tuesday, reaching $200.12. The stock had a trading volume of 1,581,213 shares, compared to its average volume of 1,197,424. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. TKO Group Holdings, Inc. has a twelve month low of $152.29 and a twelve month high of $226.94. The firm has a 50-day simple moving average of $193.59 and a 200-day simple moving average of $201.00. The firm has a market capitalization of $38.85 billion, a PE ratio of 74.67 and a beta of 0.59.

TKO Group (NYSE:TKO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 4.96 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.79 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s payout ratio is currently 117.91%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $237.00 price objective on shares of TKO Group in a research report on Thursday, May 7th. UBS Group raised their price target on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Sanford C. Bernstein cut their price objective on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Roth Mkm set a $228.00 price objective on shares of TKO Group in a research report on Monday, May 4th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $233.73.

Check Out Our Latest Stock Report on TKO

Hedge Funds Weigh In On TKO Group

Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of TKO Group in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Torren Management LLC acquired a new stake in shares of TKO Group in the fourth quarter worth $32,000. CYBER HORNET ETFs LLC acquired a new stake in shares of TKO Group in the second quarter worth $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of TKO Group in the fourth quarter worth $35,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

(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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