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

TKO Group Holdings, Inc. (NYSE:TKO) Director Nick Khan sold 27,505 shares of TKO Group stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $3,904,059.70. Following the completion of the sale, the director now directly owns 169,004 shares in the company, valued at $23,988,427.76. This represents a 14.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TKO Group Price Performance

NYSE:TKO opened at $141.74 on Tuesday. TKO Group Holdings, Inc. has a 12-month low of $75.35 and a 12-month high of $149.40. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of -337.48 and a beta of 1.07. The stock’s 50 day moving average price is $134.17 and its two-hundred day moving average price is $122.56. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Wall Street Analysts Forecast Growth

TKO has been the topic of a number of recent research reports. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Pivotal Research increased their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Guggenheim increased their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average target price of $136.79.

Institutional Trading of TKO Group

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings 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 worth $34,000 after acquiring an additional 231 shares during the period. Signaturefd LLC grew its position in shares of TKO Group by 39.4% in 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 position in shares of TKO Group during the second quarter worth approximately $51,000. Finally, International Assets Investment Management LLC lifted its holdings in TKO Group by 12,275.0% during the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.