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

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $176.96, for a total transaction of $1,684,482.24. Following the sale, the director directly owned 201,665 shares in the company, valued at approximately $35,686,638.40. This trade represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 Down 0.7%

Shares of TKO traded down $1.20 during mid-day trading on Wednesday, hitting $171.77. 709,600 shares of the company's stock were exchanged, compared to its average volume of 1,124,579. The company has a market cap of $34.00 billion, a price-to-earnings ratio of 87.19 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 has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. The stock's 50-day moving average is $167.30 and its 200-day moving average is $156.78.

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

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.88%. TKO Group's dividend payout ratio is presently 77.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TKO shares. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Guggenheim boosted their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Sanford C. Bernstein assumed coverage on shares of TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price target on the stock. JPMorgan Chase & Co. boosted their price target 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. Finally, The Goldman Sachs Group boosted their price target on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.08.

Institutional Trading of TKO Group

Several hedge funds have recently made changes to their positions in TKO. Sentry Investment Management LLC acquired a new stake in shares of TKO Group during the first quarter worth about $25,000. Hemington Wealth Management raised its holdings in TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after acquiring an additional 136 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in TKO Group in the first quarter valued at approximately $26,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in TKO Group in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.79% of the company's stock.

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.