TKO Group Holdings, Inc. (NYSE:TKO) Given Consensus Rating of “Moderate Buy” by Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $233.7333.

TKO has been the subject of several recent analyst reports. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. BTIG Research restated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research note on Thursday, May 7th. Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Roth Mkm set a $228.00 price target on TKO Group in a research note on Monday, May 4th.

TKO Group Price Performance

Shares of TKO opened at $206.67 on Thursday. The stock has a market capitalization of $40.12 billion, a P/E ratio of 77.11 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 has a 50 day moving average of $193.43 and a 200-day moving average of $200.46. 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 (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, equities research analysts forecast that TKO Group will post 4.96 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.79 per share. This is an increase from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. TKO Group’s payout ratio is 116.42%.

Insider Buying and Selling at TKO Group

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

Institutional Trading of TKO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares in the last quarter. Ninety One UK Ltd raised its stake in TKO Group by 0.8% in the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after purchasing an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 54.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares in the last quarter. XN LP raised its stake in TKO Group by 6.3% in the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after purchasing an additional 169,574 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in TKO Group by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock valued at $496,008,000 after purchasing an additional 395,040 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.