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 Friday, June 12th. The stock was sold at an average price of $207.56, for a total value of $1,990,292.84. Following the completion of the transaction, the director directly owned 81,511 shares in the company, valued at $16,918,423.16. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $198.59, for a total transaction of $1,890,179.62.
TKO Group Stock Up 2.4%
Shares of NYSE TKO opened at $199.29 on Friday. The firm’s fifty day moving average is $193.67 and its 200 day moving average is $201.05. TKO Group Holdings, Inc. has a 52 week low of $152.29 and a 52 week high of $226.94. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 74.36 and a beta of 0.59.
TKO Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on TKO shares. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Citizens Jmp assumed coverage on TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective on the stock. TD Cowen boosted 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. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group lifted their price target on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $233.73.
Read Our Latest Report on TKO Group
Institutional Trading of TKO Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new position in shares of TKO Group in the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its stake in shares of TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Torren Management LLC bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in TKO Group in the second quarter worth $34,000. Finally, Aventura Private Wealth LLC purchased a new stake in TKO Group in the fourth quarter worth $35,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.
About TKO Group
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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