Key Points
- Director Nick Khan sold 9,518 shares on April 6 at an average price of $198.59 for about $1.89M under a pre-arranged Rule 10b5-1 plan, trimming his stake to 100,618 shares (an 8.64% decrease).
- The April sale continues a recent pattern of disposals by Khan — he sold identical 9,518-share blocks on March 3 and January 22 and an additional 7,744 shares on January 22, totaling several million dollars in sales.
- Company results: TKO missed on quarterly EPS (reported -$0.08 vs. $0.12 consensus) while revenue rose 11.9% to $1.04B, and it recently paid a $0.78 quarterly dividend (annualized $3.12) with a payout ratio of 138.67%.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,518 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $198.59, for a total value of $1,890,179.62. Following the completion of the transaction, the director directly owned 100,618 shares of the company's stock, valued at approximately $19,981,728.62. The trade was a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nick Khan also recently made the following trade(s):
- 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.
- On Thursday, January 22nd, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $201.31, for a total value of $1,916,068.58.
- On Thursday, January 22nd, Nick Khan sold 7,744 shares of TKO Group stock. The stock was sold at an average price of $201.98, for a total value of $1,564,133.12.
TKO Group Trading Down 2.1%
NYSE:TKO opened at $192.96 on Wednesday. TKO Group Holdings, Inc. has a 1 year low of $136.11 and a 1 year high of $226.94. The stock has a market cap of $37.46 billion, a price-to-earnings ratio of 85.76 and a beta of 0.69. The business has a fifty day moving average of $204.33 and a 200-day moving average of $199.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26.
TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $0.28 EPS. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.
TKO Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued 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 yield of 1.6%. TKO Group's payout ratio is presently 138.67%.
Institutional Trading of TKO Group
Several institutional investors have recently modified their holdings of TKO. Congress Asset Management Co. lifted its holdings in shares of TKO Group by 20.9% during the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company's stock valued at $110,084,000 after purchasing an additional 94,100 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of TKO Group by 95.2% during the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company's stock valued at $7,885,000 after purchasing an additional 19,040 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of TKO Group by 558.3% during the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company's stock valued at $6,734,000 after purchasing an additional 28,277 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of TKO Group during the third quarter valued at $2,678,000. Finally, American Century Companies Inc. lifted its holdings in shares of TKO Group by 35.9% during the third quarter. American Century Companies Inc. now owns 726,149 shares of the company's stock valued at $146,653,000 after purchasing an additional 191,743 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently commented on TKO. BTIG Research dropped their target price on TKO Group from $250.00 to $237.00 and set a "buy" rating on the stock in a report on Thursday, February 19th. Wolfe Research restated a "peer perform" rating on shares of TKO Group in a report on Thursday, March 5th. Wall Street Zen lowered TKO Group from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Zacks Research lowered TKO Group from a "hold" rating to a "strong sell" rating in a report on Friday, March 6th. Finally, Morgan Stanley set a $210.00 price objective on TKO Group in a report on Thursday, December 18th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $232.25.
Read Our Latest Stock Report on TKO
About TKO Group
(
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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