TKO Group (NYSE:TKO) Director Sells $1,867,649.53 in Stock
by Danessa Lincoln · The Markets DailyTKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) Director Nick Khan sold 9,589 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $194.77, for a total transaction of $1,867,649.53. Following the completion of the sale, the director owned 29,751 shares in the company, valued at approximately $5,794,602.27. The trade was a 24.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Nick Khan also recently made the following trade(s):
- On Wednesday, August 19th, Nick Khan sold 6,546 shares of TKO Group stock. The shares were sold at an average price of $199.41, for a total value of $1,305,337.86.
- On Tuesday, August 18th, Nick Khan sold 8,248 shares of TKO Group stock. The stock was sold at an average price of $194.39, for a total value of $1,603,328.72.
- 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 value of $1,890,663.13.
- On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total value 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 stock was sold at an average price of $182.63, for a total value of $1,751,239.07.
TKO Group Stock Down 1.7%
NYSE TKO opened at $189.16 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $35.80 billion, a P/E ratio of 66.37 and a beta of 0.62. TKO Group Holdings, Inc. has a one year low of $176.00 and a one year high of $226.94. The stock has a 50 day moving average price of $188.23 and a 200-day moving average price of $193.79.
TKO Group (NYSE:TKO – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 5.18 EPS for the current fiscal year.
TKO Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.79 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. TKO Group’s payout ratio is 110.88%.
Institutional Trading of TKO Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its position in shares of TKO Group by 26.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after purchasing an additional 590 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of TKO Group by 19.5% in the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock worth $399,000 after purchasing an additional 324 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of TKO Group by 12.5% in the second quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock worth $481,000 after purchasing an additional 265 shares during the last quarter. IFP Advisors Inc increased its stake in TKO Group by 1.9% in the 2nd quarter. IFP Advisors Inc now owns 8,699 shares of the company’s stock worth $1,751,000 after buying an additional 163 shares during the period. Finally, Allworth Financial LP increased its stake in TKO Group by 12.2% in the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock worth $124,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Morgan Stanley increased their price target on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Sanford C. Bernstein upped their price objective on TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective 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. Finally, Guggenheim lifted their target price on TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $237.50.
Read Our Latest Research Report on TKO Group
About TKO Group
TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings’ Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.
UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.
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