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

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Six equities research 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 brokers that have updated their coverage on the stock in the last year is $233.7333.

A number of brokerages have weighed in on TKO. Sanford C. Bernstein cut their target price on shares of TKO Group from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. BTIG Research restated a “buy” rating and set a $237.00 price target on shares of TKO Group in a research note on Thursday, May 7th. Citizens Jmp started coverage on shares of TKO Group in a report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 price objective for the company. Citigroup lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Roth Capital set a $228.00 target price on shares of TKO Group in a report on Monday, May 4th.

Insider Buying and Selling

In related news, insider Mark S. Shapiro bought 10,807 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the purchase, the insider directly owned 129,207 shares in the company, valued at $23,909,755.35. This trade represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was bought at an average price of $185.09 per share, with a total value of $1,999,897.45. Following the purchase, the chief executive officer owned 154,655 shares in the company, valued at $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 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 Trading of TKO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. CreativeOne Wealth LLC boosted its holdings in TKO Group by 2.1% in the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock valued at $541,000 after purchasing an additional 54 shares during the period. Frank Rimerman Advisors LLC raised its position in shares of TKO Group by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after buying an additional 56 shares in the last quarter. Stephens Inc. AR boosted its stake in TKO Group by 2.7% during the fourth quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after buying an additional 56 shares during the period. Sunbelt Securities Inc. boosted its stake in TKO Group by 6.3% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after buying an additional 56 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in TKO Group by 29.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 249 shares of the company’s stock worth $52,000 after buying an additional 57 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Down 0.2%

TKO stock opened at $184.02 on Monday. The firm has a market capitalization of $35.72 billion, a PE ratio of 68.66 and a beta of 0.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group has a twelve month low of $152.29 and a twelve month high of $226.94. The stock’s 50 day moving average is $196.68 and its 200-day moving average is $200.43.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Sell-side analysts expect that TKO Group will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio is presently 117.91%.

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.