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

TKO Group logo with Consumer Discretionary background

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,519 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $176.96, for a total value of $1,684,482.24. Following the transaction, the director directly owned 201,665 shares in the company, valued at approximately $35,686,638.40. The trade was a 4.51% decrease in their ownership of the stock. The sale 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 Monday, June 2nd, Nick Khan sold 9,519 shares of TKO Group stock. The shares were sold at an average price of $158.46, for a total value of $1,508,380.74.

TKO Group Trading Down 1.8%

Shares of NYSE:TKO traded down $3.21 during trading on Tuesday, hitting $173.13. The company had a trading volume of 1,028,743 shares, compared to its average volume of 1,123,302. The stock has a market cap of $34.26 billion, a price-to-earnings ratio of 77.00 and a beta of 0.73. TKO Group Holdings, Inc. has a one year low of $102.46 and a one year high of $182.60. The company has a fifty day simple moving average of $166.92 and a two-hundred day simple moving average of $156.56. 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 (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 the consensus estimate of $0.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a return on equity of 2.52% and a net margin of 4.98%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned ($1.26) EPS. As a group, equities analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

TKO has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on TKO Group in a research report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price objective for the company. Susquehanna assumed coverage on TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective for the company. Guggenheim upped their price target on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, The Goldman Sachs Group increased their target price on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and an average target price of $168.08.

View Our Latest Stock Report on TKO

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently modified their holdings of the business. Sentry Investment Management LLC bought a new stake in TKO Group during the 1st quarter valued at $25,000. Hemington Wealth Management raised its position in TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after purchasing an additional 136 shares in the last quarter. Smartleaf Asset Management LLC raised its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in TKO Group during the 1st quarter valued at $26,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in TKO Group during the 1st quarter valued at $27,000. 89.79% of the stock is owned by institutional investors.

TKO Group Company Profile

(Get Free Report)

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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