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 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.

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

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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