TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan Sells 9,519 Shares

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,519 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the transaction, the director directly owned 146,975 shares in the company, valued at approximately $24,597,736. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, July 21st, Nick Khan sold 45,168 shares of TKO Group stock. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76.
• On Thursday, July 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The shares were sold at an average price of $176.96, for a total transaction of $1,684,482.24.
• On Monday, June 2nd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $158.46, for a total value of $1,508,380.74.

TKO Group Trading Up 0.2%

TKO stock traded up $0.27 during trading on Thursday, reaching $167.98. The company had a trading volume of 814,897 shares, compared to its average volume of 850,825. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. TKO Group Holdings, Inc. has a 52 week low of $102.46 and a 52 week high of $182.60. The business has a 50 day moving average of $168.42 and a 200 day moving average of $158.80. The company has a market cap of $33.24 billion, a P/E ratio of 73.24 and a beta of 0.73.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned ($1.26) earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's dividend payout ratio is currently 77.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TKO. The Goldman Sachs Group raised their price objective on TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lifted their price target on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Northcoast Research downgraded TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Sanford C. Bernstein started coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 target price on the stock. Finally, Susquehanna started coverage on shares of TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.33.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently modified their holdings of TKO. Envestnet Portfolio Solutions Inc. raised its holdings in TKO Group by 46.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,997 shares of the company's stock worth $710,000 after purchasing an additional 1,582 shares during the period. Corient Private Wealth LLC raised its stake in shares of TKO Group by 2.8% in the fourth quarter. Corient Private Wealth LLC now owns 4,118 shares of the company's stock worth $585,000 after buying an additional 112 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of TKO Group by 207.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 48,020 shares of the company's stock worth $6,824,000 after buying an additional 32,412 shares during the period. Teacher Retirement System of Texas lifted its position in shares of TKO Group by 552.9% during the 4th quarter. Teacher Retirement System of Texas now owns 33,964 shares of the company's stock valued at $4,827,000 after buying an additional 28,762 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of TKO Group by 86.8% during the 4th quarter. TD Private Client Wealth LLC now owns 325 shares of the company's stock valued at $46,000 after acquiring an additional 151 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.