TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the sale, the director owned 81,511 shares of the company's stock, valued at $16,918,423.16. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nick Khan also recently made the following trade(s):
- On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $185.99, for a total value of $1,770,252.82.
- On Monday, April 6th, Nick Khan sold 9,518 shares of TKO Group stock. The shares were sold at an average price of $198.59, for a total value of $1,890,179.62.
TKO Group Stock Performance
TKO stock opened at $200.12 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50-day moving average price of $193.59 and a 200 day moving average price of $201.00. The company has a market capitalization of $38.85 billion, a P/E ratio of 74.67 and a beta of 0.59. TKO Group Holdings, Inc. has a 1-year low of $152.29 and a 1-year high of $226.94.
TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The firm 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 2.49% and a net margin of 4.47%.The firm's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, equities research analysts forecast that TKO Group Holdings, Inc. will post 4.96 EPS for the current fiscal year.
TKO Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.79 dividend. The ex-dividend date is Monday, June 15th. This is an increase from TKO Group's previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. TKO Group's dividend payout ratio is presently 117.91%.
Hedge Funds Weigh In On TKO Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter worth about $27,000. Cornerstone Planning Group LLC grew its stake in shares of TKO Group by 543.5% during the first 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 last quarter. Torren Management LLC purchased a new stake in shares of TKO Group during the fourth quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of TKO Group during the second quarter worth about $34,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of TKO Group during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 89.79% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on TKO. Weiss Ratings upgraded TKO Group from a "hold (c-)" rating to a "hold (c+)" rating in a report on Thursday, May 7th. Zacks Research upgraded TKO Group from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Citizens Jmp began coverage on TKO Group in a research note on Monday, March 30th. They issued a "mkt outperform" rating and a $240.00 target price on the stock. UBS Group lifted their target price on TKO Group from $235.00 to $238.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Finally, TD Cowen lifted their target price on TKO Group from $245.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, March 11th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $233.73.
Check Out Our Latest Report on TKO Group
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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