TKO Group Holdings, Inc. (NYSE:TKO) Receives $183.15 Average Target Price from Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $187.3846.

Several analysts have recently issued reports on TKO shares. Roth Capital boosted their price target on shares of TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Sanford C. Bernstein started coverage on shares of TKO Group in a report on Wednesday, June 4th. They set an “outperform” rating and a $190.00 target price on the stock. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They issued a “positive” rating and a $180.00 price target for the company. JPMorgan Chase & Co. lifted their price target on TKO Group from $158.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Finally, The Goldman Sachs Group increased their price objective on TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a report on Monday, May 12th.

Insiders Place Their Bets

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider owned 4,158,517 shares of the company’s stock, valued at approximately $658,376,411.44. This trade represents a 61.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nick Khan sold 45,168 shares of TKO Group stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the transaction, the director owned 156,494 shares of the company’s stock, valued at $26,732,305.08. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,725 shares of company stock worth $12,501,561. 61.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently made changes to their positions in TKO. Whittier Trust Co. lifted its stake in TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 105 shares during the period. Golden State Wealth Management LLC grew its stake in shares of TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after acquiring an additional 126 shares during the period. Hemington Wealth Management raised its holdings in shares of TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in TKO Group during the first quarter valued at approximately $26,000. Finally, Sentry Investment Management LLC bought a new position in TKO Group during the first quarter valued at approximately $25,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $188.81 on Friday. The stock has a 50 day moving average of $172.03 and a 200 day moving average of $161.86. The company has a market capitalization of $37.37 billion, a price-to-earnings ratio of 78.02 and a beta of 0.72. TKO Group has a 12 month low of $113.16 and a 12 month high of $194.76. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. TKO Group’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, sell-side analysts forecast that TKO Group will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. TKO Group’s dividend payout ratio (DPR) is presently 62.81%.

About TKO Group

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.