TKO Group Holdings, Inc. (NYSE:TKO) Receives $222.23 Consensus Price Target from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $222.2308.

TKO has been the topic of a number of research analyst reports. Bank of America boosted their price target on TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Robert W. Baird lifted their price objective on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. Arete Research raised shares of TKO Group to a “hold” rating in a research report on Wednesday, October 15th. Baird R W upgraded shares of TKO Group to a “strong-buy” rating in a report on Friday, September 5th. Finally, Sanford C. Bernstein boosted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th.

Insiders Place Their Bets

In other news, CFO Shane Kapral sold 254 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $183.56, for a total value of $46,624.24. Following the completion of the transaction, the chief financial officer directly owned 2,282 shares in the company, valued at approximately $418,883.92. This represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Khan sold 9,519 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total transaction of $1,774,627.17. Following the sale, the director directly owned 137,456 shares of the company’s stock, valued at approximately $25,625,922.08. The trade was a 6.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,811 shares of company stock worth $5,496,347 in the last 90 days. 61.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently added to or reduced their stakes in the company. Somerset Trust Co grew its stake in shares of TKO Group by 2.5% during the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after acquiring an additional 53 shares in the last quarter. CWM LLC boosted its holdings in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock valued at $161,000 after purchasing an additional 54 shares during the last quarter. Sunbelt Securities Inc. grew its stake in TKO Group by 6.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the company’s stock valued at $192,000 after purchasing an additional 56 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in TKO Group by 0.9% during the 3rd quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock worth $1,485,000 after purchasing an additional 62 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in TKO Group by 48.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

TKO opened at $187.27 on Friday. TKO Group has a 1 year low of $133.07 and a 1 year high of $212.49. The company’s 50 day simple moving average is $189.96 and its 200 day simple moving average is $179.78. The stock has a market capitalization of $36.53 billion, a PE ratio of 77.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. TKO Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that TKO Group will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.6%. This is a boost from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, September 15th. TKO Group’s dividend payout ratio is 116.48%.

TKO Group announced that its Board of Directors has approved a stock repurchase plan on Monday, September 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.