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 business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $158.46, for a total value of $1,508,380.74. Following the transaction, the director now directly owns 210,967 shares of the company's stock, valued at approximately $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TKO Group Stock Performance

NYSE TKO traded up $2.86 during trading hours on Wednesday, hitting $165.97. The company had a trading volume of 816,269 shares, compared to its average volume of 1,114,154. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1-year low of $100.76 and a 1-year high of $179.09. The company has a market cap of $32.85 billion, a PE ratio of -395.17 and a beta of 0.73. The business has a 50 day moving average of $156.04 and a 200-day moving average of $151.06.

TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results 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 analysts' expectations of $1.07 billion. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.26) EPS. As a group, equities research analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, June 13th. TKO Group's payout ratio is currently 77.16%.

Institutional Investors Weigh In On TKO Group

Several large investors have recently modified their holdings of TKO. Charles Schwab Investment Management Inc. boosted its stake in TKO Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company's stock worth $66,691,000 after purchasing an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TKO Group by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company's stock worth $2,836,000 after purchasing an additional 3,572 shares during the period. Twin Tree Management LP boosted its stake in shares of TKO Group by 147.0% during the fourth quarter. Twin Tree Management LP now owns 123,713 shares of the company's stock worth $17,581,000 after buying an additional 73,617 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of TKO Group during the fourth quarter worth about $431,000. Finally, Moore Capital Management LP boosted its stake in shares of TKO Group by 1,625.0% during the fourth quarter. Moore Capital Management LP now owns 418,286 shares of the company's stock worth $59,443,000 after buying an additional 394,038 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TKO has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Morgan Stanley boosted their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Sanford C. Bernstein began coverage on shares of TKO Group in a research note on Wednesday. They set an "outperform" rating and a $190.00 target price for the company. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Guggenheim upped their price objective on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $168.08.

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.

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