TKO Group (NYSE:TKO) Director Nick Khan Sells 9,518 Shares
by Renee Jackson · The Cerbat GemTKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) Director Nick Khan sold 9,518 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.31, for a total value of $1,916,068.58. Following the completion of the transaction, the director directly owned 119,566 shares of the company’s stock, valued at approximately $24,069,831.46. The trade was a 7.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Nick Khan also recently made the following trade(s):
- 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.
- On Wednesday, December 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The shares were sold at an average price of $195.16, for a total transaction of $1,857,728.04.
- On Monday, November 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $188.26, for a total transaction of $1,792,046.94.
TKO Group Price Performance
Shares of NYSE:TKO traded down $1.28 during trading on Monday, reaching $203.63. The company had a trading volume of 807,044 shares, compared to its average volume of 982,409. The firm’s fifty day moving average is $202.22 and its 200 day moving average is $191.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $39.72 billion, a PE ratio of 78.02 and a beta of 0.62. TKO Group Holdings, Inc. has a twelve month low of $133.07 and a twelve month high of $218.11.
TKO Group (NYSE:TKO – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.
TKO Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is currently 119.54%.
Institutional Trading of TKO Group
Several large investors have recently added to or reduced their stakes in TKO. Congress Asset Management Co. increased its holdings in shares of TKO Group by 20.9% during the 3rd quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after acquiring an additional 94,100 shares during the last quarter. Ninety One UK Ltd boosted its position in TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after purchasing an additional 611,233 shares during the period. Moran Wealth Management LLC grew its holdings in TKO Group by 95.2% during the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock valued at $7,885,000 after purchasing an additional 19,040 shares during the last quarter. Nisa Investment Advisors LLC raised its position 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 valued at $6,734,000 after purchasing an additional 28,277 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of TKO Group by 387.1% in the second quarter. First Citizens Bank & Trust Co. now owns 7,691 shares of the company’s stock worth $1,399,000 after buying an additional 6,112 shares during the last quarter. 89.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on TKO shares. Guggenheim raised their target price on shares of TKO Group from $205.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Pivotal Research increased their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Arete Research upgraded shares of TKO Group to a “hold” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their target price 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. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $227.73.
Read Our Latest Stock Report on TKO Group
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.
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