TKO Group Holdings, Inc. (NYSE:TKO) Receives $233.73 Consensus Target Price from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $233.7333.

Several research analysts recently commented on TKO shares. Citizens Jmp started coverage on shares of TKO Group in a research note on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price target on the stock. Roth Mkm set a $228.00 price target on shares of TKO Group in a research note on Monday, May 4th. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Pivotal Research raised their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, UBS Group raised their price target on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer bought 2,696 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer owned 30,240 shares of the company’s stock, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel bought 10,805 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the transaction, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 24,308 shares of company stock worth $4,499,679. Company insiders own 64.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TKO. Elyxium Wealth LLC purchased a new position in TKO Group during the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC increased its position in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Torren Management LLC bought a new stake in shares of TKO Group in the 4th quarter valued at about $32,000. CYBER HORNET ETFs LLC bought a new stake in shares of TKO Group in the 2nd quarter valued at about $34,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of TKO Group in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Trading Down 1.2%

Shares of TKO opened at $200.92 on Thursday. The company has a market cap of $39.00 billion, a P/E ratio of 74.97 and a beta of 0.59. TKO Group has a twelve month low of $152.29 and a twelve month high of $226.94. The company’s fifty day simple moving average is $193.67 and its 200-day simple moving average is $200.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. As a group, analysts expect that TKO Group will post 4.96 EPS for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.79 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.6%. TKO Group’s payout ratio is 116.42%.

TKO Group Company Profile

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.