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

TKO Group Holdings, Inc. (NYSE:TKO) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Seven 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 objective among analysts that have issued a report on the stock in the last year is $233.7333.

A number of analysts have weighed in on TKO shares. Roth Mkm set a $228.00 price objective on TKO Group in a research report on Monday, May 4th. TD Cowen raised their price target on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Citizens Jmp initiated coverage on TKO Group in a report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective on the stock. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $207.56, for a total transaction of $1,990,292.84. Following the sale, the director owned 81,511 shares of the company’s stock, valued at approximately $16,918,423.16. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark S. Shapiro bought 10,807 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $185.05 per share, for a total transaction of $1,999,835.35. Following the completion of the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This trade represents a 9.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders bought a total of 24,308 shares of company stock worth $4,499,679 in the last ninety days. Corporate insiders own 64.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Hedge funds have recently bought and sold shares of the company. M & L Capital Management Ltd purchased a new stake in shares of TKO Group in the 4th quarter worth about $2,978,000. CIBC Bancorp USA Inc. acquired a new stake in TKO Group in the 3rd quarter valued at about $10,105,000. Swiss Life Asset Management Ltd increased its holdings in TKO Group by 711.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 25,810 shares of the company’s stock valued at $5,394,000 after acquiring an additional 22,629 shares in the last quarter. Perpetual Ltd purchased a new position in TKO Group during the 4th quarter valued at about $26,046,000. Finally, Ninety One SA Pty Ltd raised its position in TKO Group by 86.2% during the fourth quarter. Ninety One SA Pty Ltd now owns 133,187 shares of the company’s stock worth $27,836,000 after acquiring an additional 61,657 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Down 0.4%

Shares of NYSE:TKO opened at $193.68 on Monday. The company has a market capitalization of $37.60 billion, a PE ratio of 72.27 and a beta of 0.60. 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 has a twelve month low of $152.29 and a twelve month high of $226.94. The firm has a 50 day simple moving average of $196.22 and a 200-day simple moving average of $201.22.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business’s revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, equities analysts predict 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 $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.6%. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. TKO Group’s dividend payout ratio (DPR) is 117.91%.

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.