TKO Group (NYSE:TKO) Price Target Raised to $250.00

TKO Group (NYSE:TKO) had its price target boosted by TD Cowen from $245.00 to $250.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Susquehanna restated a “positive” rating and set a $251.00 target price on shares of TKO Group in a report on Monday, January 19th. Wall Street Zen downgraded TKO Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Roth Mkm reissued a “buy” rating and issued a $240.00 price objective on shares of TKO Group in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein boosted their target price on TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.73.

TKO Group Stock Performance

Shares of TKO opened at $194.53 on Wednesday. The firm has a market cap of $37.76 billion, a price-to-earnings ratio of 86.46 and a beta of 0.66. The company’s fifty day moving average is $206.59 and its 200-day moving average is $199.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group has a 12 month low of $133.07 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. Equities analysts expect that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, March 16th. TKO Group’s dividend payout ratio is 138.67%.

Insider Activity

In related news, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the transaction, the chief financial officer owned 99 shares of the company’s stock, valued at approximately $19,715.85. The trade was a 71.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Seth D. Krauss sold 2,271 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 169,563 shares of company stock valued at $34,641,917. 61.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TKO. Amundi boosted its position in shares of TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after acquiring an additional 1,050 shares during the period. AQR Capital Management LLC increased its position in TKO Group by 10.7% during the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after acquiring an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after acquiring an additional 8,595 shares during the period. United Services Automobile Association acquired a new position in TKO Group during the 1st quarter valued at $218,000. Finally, Geneos Wealth Management Inc. raised its stake in TKO Group by 127.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after purchasing an additional 286 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.