TKO Group Holdings, Inc. (NYSE:TKO) Receives $226.00 Consensus Price Target from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $226.00.

TKO has been the topic of several recent research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a research note on Monday, December 15th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Susquehanna upped their target price on shares of TKO Group from $229.00 to $230.00 and gave the company a “positive” rating in a research report on Wednesday, December 10th. Cowen reissued a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Finally, TD Cowen lifted their price objective on TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, December 8th.

TKO Group Stock Down 2.5%

Shares of TKO opened at $203.76 on Monday. The business’s fifty day moving average price is $200.01 and its two-hundred day moving average price is $190.23. The firm has a market capitalization of $39.75 billion, a price-to-earnings ratio of 78.07 and a beta of 0.62. TKO Group has a 52 week low of $133.07 and a 52 week high of $218.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a net margin of 5.27% and a return on equity of 2.57%. The company’s revenue was down 27.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. On average, analysts predict that TKO Group will post 3.88 earnings per share for the current year.

TKO Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.78 dividend. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group’s dividend payout ratio (DPR) is currently 119.54%.

Insider Buying and Selling at TKO Group

In related news, insider Seth D. Krauss sold 9,777 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $207.67, for a total transaction of $2,030,389.59. Following the completion of the transaction, the insider owned 7,983 shares in the company, valued at approximately $1,657,829.61. The trade was a 55.05% 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, CFO Andrew M. Schleimer sold 5,739 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.08, for a total transaction of $1,171,215.12. Following the completion of the sale, the chief financial officer owned 16,239 shares in the company, valued at approximately $3,314,055.12. This trade represents a 26.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 114,409 shares of company stock worth $23,111,434 over the last ninety days. 61.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Large investors have recently modified their holdings of the business. Whittier Trust Co. lifted its holdings in shares of 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 purchasing an additional 105 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares in the last quarter. Cromwell Holdings LLC lifted its stake in TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in shares of TKO Group in the fourth quarter valued at approximately $35,000. Finally, Atlantic Union Bankshares Corp increased its position in shares of TKO Group by 1,680.0% during the third quarter. Atlantic Union Bankshares Corp now owns 178 shares of the company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

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.