Insider Selling: TKO Group Holdings, Inc. (NYSE:TKO) Director Sells 45,168 Shares of Stock

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 45,168 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the completion of the transaction, the director directly owned 156,494 shares of the company's stock, valued at $26,732,305.08. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 22nd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was sold at an average price of $167.36, for a total transaction of $1,593,099.84.
• On Thursday, July 3rd, Nick Khan sold 9,519 shares of TKO Group stock. The stock was 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 transaction of $1,508,380.74.

TKO Group Stock Performance

TKO traded up $1.49 on Friday, reaching $169.49. The company had a trading volume of 280,644 shares, compared to its average volume of 1,306,845. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $33.54 billion, a P/E ratio of 86.03 and a beta of 0.73. TKO Group Holdings, Inc. has a fifty-two week low of $102.46 and a fifty-two week high of $182.60. The company's fifty day moving average is $168.42 and its 200 day moving average is $158.80.

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, beating analysts' consensus estimates of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.26) EPS. As a group, analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, June 13th. TKO Group's dividend payout ratio (DPR) is presently 77.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TKO. Northcoast Research cut shares of TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. The Goldman Sachs Group raised their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th. Guggenheim raised their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. Susquehanna began coverage on shares of TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TKO Group has a consensus rating of "Moderate Buy" and a consensus target price of $171.33.

Institutional Trading of TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TKO Group during the 1st quarter worth approximately $1,163,000. Friedenthal Financial acquired a new position in TKO Group during the 1st quarter worth approximately $895,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in TKO Group during the 1st quarter worth approximately $464,000. Resona Asset Management Co. Ltd. acquired a new position in TKO Group during the 4th quarter worth approximately $431,000. Finally, Moore Capital Management LP increased its position in TKO Group by 1,625.0% during the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock worth $59,443,000 after purchasing an additional 394,038 shares in the last quarter. Institutional investors own 89.79% of the company's stock.

TKO Group Company Profile

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.