Key Points
- TKO Group director Nick Khan sold 9,589 shares at an average price of $197.17, generating approximately $1.89 million. His remaining stake fell 19.6% to 39,344 shares.
- TKO reported quarterly revenue of $1.55 billion, up 18.2% year over year and slightly above estimates, but earnings per share of $1.34 missed consensus by $0.07.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $238.08; TKO also raised its quarterly dividend to $0.79 per share.
TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total transaction of $1,890,663.13. Following the completion of the transaction, the director owned 39,344 shares in the company, valued at approximately $7,757,456.48. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Nick Khan also recently made the following trade(s):
- On Monday, July 20th, Nick Khan sold 10,081 shares of TKO Group stock. The shares were sold at an average price of $183.56, for a total value of $1,850,468.36.
- On Tuesday, July 21st, Nick Khan sold 12,998 shares of TKO Group stock. The shares were sold at an average price of $181.11, for a total value of $2,354,067.78.
- On Monday, July 13th, Nick Khan sold 9,589 shares of TKO Group stock. The shares were sold at an average price of $182.63, for a total value of $1,751,239.07.
- On Friday, June 12th, Nick Khan sold 9,589 shares of TKO Group stock. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84.
TKO Group Stock Performance
Shares of NYSE TKO opened at $201.44 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of 70.68 and a beta of 0.63. The stock's fifty day simple moving average is $193.17 and its 200 day simple moving average is $196.75. TKO Group Holdings, Inc. has a 52-week low of $176.00 and a 52-week high of $226.94.
TKO Group (NYSE:TKO - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm earned $1.17 earnings per share. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 5.18 earnings per share for the current fiscal year.
TKO Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. This is an increase from TKO Group's previous quarterly dividend of $0.78. TKO Group's dividend payout ratio (DPR) is 110.88%.
Wall Street Analyst Weigh In
A number of analysts have commented on TKO shares. Morgan Stanley upped their price objective on shares of TKO Group from $225.00 to $230.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Sanford C. Bernstein dropped their target price on shares of TKO Group from $240.00 to $235.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 28th. Guggenheim boosted their price target on shares of TKO Group from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Benchmark restated a "hold" rating on shares of TKO Group in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of TKO Group from $225.00 to $222.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of "Moderate Buy" and a consensus target price of $238.08.
View Our Latest Stock Report on TKO Group
Hedge Funds Weigh In On TKO Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. Swiss Life Asset Management Ltd lifted its position in shares of TKO Group by 711.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company's stock worth $5,394,000 after purchasing an additional 22,629 shares in the last quarter. NFJ Investment Group LLC purchased a new position in TKO Group during the fourth quarter valued at approximately $3,969,000. Todd Asset Management LLC purchased a new position in TKO Group during the fourth quarter valued at approximately $26,150,000. Hsbc Holdings PLC increased its stake in TKO Group by 38.1% in the 4th quarter. Hsbc Holdings PLC now owns 105,333 shares of the company's stock valued at $22,115,000 after buying an additional 29,076 shares during the period. Finally, Ninety One SA Pty Ltd increased its stake in TKO Group by 86.2% in the 4th quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company's stock valued at $27,836,000 after buying an additional 61,657 shares during the period. Hedge funds and other institutional investors own 89.79% of the company's stock.
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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