Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Price Target at $161.08

TKO Group Holdings, Inc. (NYSE:TKO) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $162.33.

A number of equities analysts have recently commented on the company. Guggenheim lifted their target price on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Pivotal Research reiterated a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell acquired 156,446 shares of TKO Group stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the acquisition, the insider now directly owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. This trade represents a 6.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Kraft bought 3,500 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, with a total value of $492,415.00. Following the completion of the transaction, the director now owns 23,500 shares in the company, valued at $3,306,215. This represents a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 297,948 shares of company stock worth $51,689,918 in the last three months. Corporate insiders own 61.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock worth $1,218,951,000 after acquiring an additional 1,295,817 shares during the period. Norges Bank bought a new stake in shares of TKO Group in the 4th quarter valued at about $104,613,000. Ameriprise Financial Inc. raised its holdings in shares of TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock valued at $238,574,000 after purchasing an additional 611,178 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of TKO Group in the 1st quarter worth approximately $71,834,000. Finally, Steadfast Capital Management LP boosted its stake in shares of TKO Group by 146.9% during the fourth quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock valued at $101,010,000 after purchasing an additional 422,900 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $159.77 on Wednesday. The firm has a fifty day simple moving average of $151.47 and a two-hundred day simple moving average of $146.14. TKO Group has a 52 week low of $98.99 and a 52 week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $27.35 billion, a P/E ratio of -380.40 and a beta of 0.73.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned ($1.26) EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts expect that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.95%. TKO Group’s dividend payout ratio (DPR) is 77.16%.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.