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 the company’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 value of $3,904,059.70. Following the transaction, the director now directly owns 169,004 shares of the company’s stock, valued at approximately $23,988,427.76. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TKO Group Price Performance

NYSE:TKO opened at $141.77 on Wednesday. The firm’s fifty day moving average price is $134.69 and its two-hundred day moving average price is $122.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $24.21 billion, a P/E ratio of -337.55 and a beta of 1.07. TKO Group Holdings, Inc. has a one year low of $75.35 and a one year high of $149.40.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate 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 company 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 earned $0.52 earnings per share. The firm’s revenue was up 51.7% compared to the same quarter last year. Equities analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after buying an additional 961,880 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in TKO Group by 59.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after purchasing an additional 362,460 shares in the last quarter. American Century Companies Inc. boosted its holdings in TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after purchasing an additional 287,440 shares during the period. State Street Corp grew its position in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after purchasing an additional 155,940 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. 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. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group lifted their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, TD Cowen boosted their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.29.

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.