TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction on Monday, July 13th. The shares were sold at an average price of $182.63, for a total transaction of $1,751,239.07. Following the completion of the transaction, the director owned 72,013 shares in the company, valued at approximately $13,151,734.19. This represents a 11.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Nick Khan also recently made the following trade(s):
- 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 transaction of $1,990,292.84.
- On Monday, May 4th, Nick Khan sold 9,518 shares of TKO Group stock. The stock was sold at an average price of $185.99, for a total value of $1,770,252.82.
TKO Group Stock Performance
NYSE TKO opened at $184.66 on Wednesday. The firm has a market cap of $35.85 billion, a P/E ratio of 68.90 and a beta of 0.60. TKO Group Holdings, Inc. has a 52-week low of $152.29 and a 52-week high of $226.94. The business’s 50-day moving average price is $196.53 and its 200 day moving average price is $199.95. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.
TKO Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.
Institutional Investors Weigh In On TKO Group
Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in TKO Group in the 4th quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its position in 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 purchasing an additional 125 shares in the last quarter. Torren Management LLC purchased a new stake in TKO Group during the fourth quarter worth $32,000. CYBER HORNET ETFs LLC acquired a new stake in TKO Group in the second quarter valued at $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in TKO Group in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TKO. Citizens Jmp started coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective on the stock. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Sanford C. Bernstein dropped their price target on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Finally, Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.73.
View Our Latest Research Report on TKO
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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