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 stock in a transaction dated 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 directly owns 169,004 shares in the company, valued at $23,988,427.76. This trade represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $142.02 on Thursday. The firm has a 50 day moving average of $135.19 and a 200 day moving average of $122.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.25 billion, a price-to-earnings ratio of -338.14 and a beta of 1.07. TKO Group Holdings, Inc. has a 52 week low of $75.35 and a 52 week high of $149.40.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 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 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 previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 51.7% on a year-over-year basis. On average, sell-side analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of TKO Group

A number of institutional investors have recently modified their holdings of TKO. Massachusetts Financial Services Co. MA raised its stake in shares of TKO Group by 267.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after acquiring an additional 961,880 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in TKO Group by 59.7% in the third 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 during the last quarter. American Century Companies Inc. increased its position in shares of TKO Group by 1,439.7% during the second quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock worth $33,197,000 after purchasing an additional 287,440 shares in the last quarter. State Street Corp lifted its holdings 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 valued at $253,966,000 after purchasing an additional 192,602 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of TKO Group by 9.5% in the 2nd 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 in the last quarter. 89.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TKO. JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research increased their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. TD Cowen boosted their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

About TKO Group

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.