TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,518 shares of the company's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the completion of the sale, the director directly owned 91,100 shares of the company's stock, valued at $16,943,689. The trade was a 9.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Nick Khan also recently made the following trade(s):
- On Monday, April 6th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $198.59, for a total transaction of $1,890,179.62.
- On Tuesday, March 3rd, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22.
TKO Group Stock Performance
Shares of NYSE TKO traded up $3.68 during midday trading on Wednesday, reaching $190.62. The company's stock had a trading volume of 2,209,494 shares, compared to its average volume of 1,231,267. The stock has a market capitalization of $37.00 billion, a P/E ratio of 84.72 and a beta of 0.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day moving average price of $197.67 and a 200-day moving average price of $198.70. TKO Group Holdings, Inc. has a 12-month low of $152.29 and a 12-month high of $226.94.
TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.22. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.TKO Group's revenue was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. As a group, equities analysts predict that TKO Group Holdings, Inc. will post 4.59 earnings per share for the current year.
TKO Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group's dividend payout ratio (DPR) is currently 138.67%.
Key Headlines Impacting TKO Group
Here are the key news stories impacting TKO Group this week:
Analysts Set New Price Targets
Several brokerages have recently issued reports on TKO. JPMorgan Chase & Co. raised their target price on TKO Group from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, January 21st. Sanford C. Bernstein decreased their target price on TKO Group from $250.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 27th. Citigroup lowered TKO Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Susquehanna reaffirmed a "positive" rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Finally, Citizens Jmp began coverage on TKO Group in a research report on Monday, March 30th. They set a "mkt outperform" rating and a $240.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.88.
Get Our Latest Report on TKO
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of TKO Group during the 4th quarter worth $27,000. Cromwell Holdings LLC grew its stake in shares of TKO Group by 1,360.0% during the 3rd quarter. Cromwell Holdings LLC now owns 146 shares of the company's stock worth $29,000 after acquiring an additional 136 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company's stock worth $28,000 after acquiring an additional 125 shares during the period. Torren Management LLC bought a new position in shares of TKO Group during the 4th quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new position in shares of TKO Group during the 4th quarter worth $35,000. Institutional investors own 89.79% of the company's stock.
TKO Group Company Profile
(
Get Free Report)
TKO Group Holdings NYSE: TKO is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.
TKO's core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.
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