Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $231.73

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $232.25.

TKO has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Morgan Stanley set a $210.00 target price on TKO Group in a report on Thursday, December 18th. BTIG Research dropped their target price on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Zacks Research lowered TKO Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Susquehanna restated a “positive” rating and set a $251.00 price target on shares of TKO Group in a report on Monday, January 19th.

Insiders Place Their Bets

In other news, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the transaction, the director owned 110,048 shares in the company, valued at approximately $24,242,473.92. The trade was a 7.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $199.15, for a total transaction of $50,584.10. Following the completion of the sale, the chief financial officer directly owned 99 shares in the company, valued at approximately $19,715.85. This represents a 71.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 168,802 shares of company stock valued at $34,480,366 in the last ninety days. 53.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi increased its stake in shares of TKO Group by 338.7% in the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after buying an additional 1,050 shares during the period. AQR Capital Management LLC lifted its stake in shares of TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after acquiring an additional 696 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TKO Group by 4,722.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after acquiring an additional 8,595 shares during the period. United Services Automobile Association bought a new stake in TKO Group in the first quarter valued at approximately $218,000. Finally, Geneos Wealth Management Inc. boosted its holdings in TKO Group by 127.7% in the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after acquiring an additional 286 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Price Performance

TKO stock opened at $195.25 on Friday. The stock has a market cap of $37.90 billion, a price-to-earnings ratio of 86.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50 day simple moving average of $204.66 and a 200 day simple moving average of $199.66. TKO Group has a 1 year low of $133.07 and a 1 year high of $226.94.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. Research analysts anticipate that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 138.67%.

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.