Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $233.73

TKO Group Holdings, Inc. (NYSE:TKO) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $233.7333.

A number of research firms have commented on TKO. BTIG Research reiterated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research report on Thursday, May 7th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Citigroup lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research report on Thursday, March 5th.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the sale, the director owned 91,100 shares in the company, valued at $16,943,689. This represents a 9.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew M. Schleimer bought 2,696 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the transaction, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have purchased 24,308 shares of company stock worth $4,499,679 and have sold 30,040 shares worth $6,073,793. 61.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new position in TKO Group during the 3rd quarter worth approximately $2,678,000. American Century Companies Inc. raised its stake in TKO Group by 35.9% during the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after buying an additional 191,743 shares during the period. M & L Capital Management Ltd acquired a new position in TKO Group during the 4th quarter worth approximately $2,978,000. CIBC Bancorp USA Inc. acquired a new position in TKO Group during the 3rd quarter worth approximately $10,105,000. Finally, AGF Management Ltd. acquired a new position in TKO Group during the 3rd quarter worth approximately $13,195,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Trading Down 0.1%

NYSE TKO opened at $191.36 on Friday. The business’s 50-day moving average price is $192.13 and its two-hundred day moving average price is $198.80. TKO Group has a 12 month low of $152.29 and a 12 month high of $226.94. The firm has a market capitalization of $37.15 billion, a PE ratio of 71.40 and a beta of 0.57. 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 released its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue was up 25.9% on a year-over-year basis. On average, analysts expect that TKO Group will post 5 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.78 per share. The ex-dividend date was Monday, March 16th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is presently 116.42%.

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.