TKO Group Holdings, Inc. (NYSE:TKO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $238.0769.

Several research firms have recently commented on TKO. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Benchmark reiterated a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Guggenheim lifted their target price on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley raised their price objective on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 19,120 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the transaction, the insider owned 147,071 shares in the company, valued at $28,589,131.69. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $1,932,625.38. Following the completion of the sale, the chief financial officer owned 38,051 shares in the company, valued at approximately $7,396,733.89. The trade was a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 120,404 shares of company stock worth $23,196,582. 64.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new position in shares of TKO Group during the fourth quarter worth about $27,000. Cornerstone Planning Group LLC grew its holdings in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC acquired a new position in TKO Group during the 4th quarter worth approximately $32,000. Clearstead Advisors LLC increased its position in shares of TKO Group by 234.0% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock valued at $37,000 after purchasing an additional 124 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of TKO Group in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Trading Down 1.0%

NYSE TKO opened at $182.78 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $34.59 billion, a P/E ratio of 64.13 and a beta of 0.63. The firm’s 50-day moving average is $190.82 and its two-hundred day moving average is $195.68. TKO Group has a 12 month low of $176.00 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the business posted $1.17 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts anticipate that TKO Group will post 5.18 earnings per share for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.79 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, June 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

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.