Nick Khan Sells 27,505 Shares of TKO Group Holdings, Inc. (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 27,505 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $3,904,059.70. Following the completion of the sale, the director now owns 169,004 shares of the company’s stock, valued at approximately $23,988,427.76. The trade was a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

TKO Group Trading Down 0.5 %

TKO stock traded down $0.66 during trading on Monday, reaching $141.74. The company had a trading volume of 740,863 shares, compared to its average volume of 589,310. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a 52 week low of $75.35 and a 52 week high of $149.40. The business has a 50 day moving average of $134.17 and a 200 day moving average of $122.56. The company has a market cap of $24.20 billion, a P/E ratio of -337.48 and a beta of 1.07.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue was up 51.7% on a year-over-year basis. As a group, sell-side analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Quarry LP bought a new stake in shares of TKO Group in the 2nd quarter worth approximately $51,000. Finally, International Assets Investment Management LLC grew its stake in shares of TKO Group by 12,275.0% in the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after buying an additional 491 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TKO. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Pivotal Research boosted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Roth Mkm raised their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average price target of $136.79.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.