Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) PT at $192.21

TKO Group Holdings, Inc. (NYSE:TKO) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $192.2143.

TKO has been the subject of a number of research analyst reports. Roth Capital boosted their price target on TKO Group from $208.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Sanford C. Bernstein initiated coverage on TKO Group in a report on Wednesday, June 4th. They issued an “outperform” rating and a $190.00 price target for the company. Robert W. Baird started coverage on TKO Group in a report on Friday, September 5th. They issued an “outperform” rating and a $225.00 price target for the company. Finally, Baird R W raised TKO Group to a “strong-buy” rating in a report on Friday, September 5th.

TKO Group Stock Up 3.7%

Shares of NYSE TKO opened at $202.38 on Tuesday. TKO Group has a 1 year low of $113.63 and a 1 year high of $203.17. The firm has a market cap of $40.13 billion, a price-to-earnings ratio of 83.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s 50-day simple moving average is $178.43 and its 200-day simple moving average is $164.90.

TKO Group (NYSE:TKO) last announced its quarterly earnings data 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). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. As a group, equities analysts anticipate that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.5%. This is a boost from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, September 15th. TKO Group’s dividend payout ratio is currently 125.62%.

Insider Activity at TKO Group

In other news, Director Nick Khan sold 45,168 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $170.82, for a total transaction of $7,715,597.76. Following the completion of the transaction, the director directly owned 156,494 shares of the company’s stock, valued at approximately $26,732,305.08. This represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 73,725 shares of company stock worth $12,767,807 over the last three months. 61.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the stock. Sentry Investment Management LLC bought a new position in shares of TKO Group during the first quarter valued at approximately $25,000. Hemington Wealth Management grew 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. Whittier Trust Co. grew its holdings in shares of TKO Group by 350.0% during the second quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of TKO Group during the first quarter valued at approximately $26,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of TKO Group by 840.0% during the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

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.