TKO Group Holdings, Inc. (NYSE:TKO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have received an average rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $226.00.

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. TD Cowen boosted their price target on TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Wolfe Research reissued an “outperform” rating and set a $227.00 price objective on shares of TKO Group in a report on Monday, December 15th. Pivotal Research raised their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Zacks Research lowered TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th.

Insider Buying and Selling at TKO Group

In other news, insider Seth D. Krauss sold 5,712 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $200.39, for a total transaction of $1,144,627.68. Following the completion of the transaction, the insider directly owned 2,271 shares in the company, valued at $455,085.69. The trade was a 71.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew M. Schleimer sold 5,739 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.08, for a total value of $1,171,215.12. Following the completion of the sale, the chief financial officer directly owned 16,239 shares of the company’s stock, valued at $3,314,055.12. This represents a 26.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 114,409 shares of company stock worth $23,111,434 in the last quarter. 61.30% of the stock is owned by corporate insiders.

Institutional Trading of TKO Group

A number of hedge funds have recently bought and sold shares of the stock. MRA Advisory Group increased its holdings in shares of TKO Group by 146.8% during the 4th quarter. MRA Advisory Group now owns 2,498 shares of the company’s stock worth $522,000 after purchasing an additional 1,486 shares during the period. Perigon Wealth Management LLC acquired a new stake in TKO Group during the fourth quarter worth about $650,000. Aberdeen Group plc increased its stake in TKO Group by 17.2% during the fourth quarter. Aberdeen Group plc now owns 4,431 shares of the company’s stock valued at $926,000 after acquiring an additional 651 shares during the period. Compagnie Lombard Odier SCmA increased its stake in TKO Group by 6.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 15,220 shares of the company’s stock valued at $3,181,000 after acquiring an additional 910 shares during the period. Finally, Tema Etfs LLC acquired a new position in TKO Group in the 4th quarter valued at approximately $97,000. 89.79% of the stock is owned by institutional investors.

TKO Group Stock Down 2.5%

Shares of TKO Group stock opened at $203.76 on Monday. The firm has a market cap of $39.75 billion, a price-to-earnings ratio of 78.07 and a beta of 0.62. The stock has a 50-day simple moving average of $200.01 and a 200-day simple moving average of $190.04. TKO Group has a 52-week low of $133.07 and a 52-week high of $218.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 1.46.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. TKO Group’s revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. On average, equities research analysts expect that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.78 dividend. The ex-dividend date was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio is presently 119.54%.

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.