Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Price Target at $231.40

TKO Group Holdings, Inc. (NYSE:TKO) has received an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $231.40.

Several analysts have issued reports on the stock. Pivotal Research raised their price target on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Susquehanna reissued a “positive” rating and set a $251.00 target price on shares of TKO Group in a research report on Monday, January 19th. Morgan Stanley set a $210.00 price target on TKO Group in a report on Thursday, December 18th. BTIG Research reduced their price objective 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 9,518 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the transaction, the director owned 110,048 shares in the company, valued at approximately $24,242,473.92. This represents a 7.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Seth D. Krauss sold 2,271 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. The SEC filing for this sale provides additional information. Insiders have sold 169,309 shares of company stock valued at $34,591,333 in the last 90 days. 53.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. grew its holdings in shares of TKO Group by 20.9% during the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock worth $110,084,000 after purchasing an additional 94,100 shares during the last quarter. Moran Wealth Management LLC raised its holdings in shares of TKO Group by 95.2% in the third quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock valued at $7,885,000 after buying an additional 19,040 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of TKO Group by 558.3% in the third quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock valued at $6,734,000 after buying an additional 28,277 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in TKO Group during the 3rd quarter worth about $2,678,000. Finally, American Century Companies Inc. lifted its position in TKO Group by 35.9% during the 3rd quarter. American Century Companies Inc. now owns 726,149 shares of the company’s stock worth $146,653,000 after buying an additional 191,743 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.7%

TKO opened at $204.14 on Tuesday. The business has a 50 day moving average of $207.32 and a 200-day moving average of $199.03. The stock has a market capitalization of $39.63 billion, a price-to-earnings ratio of 90.73 and a beta of 0.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group has a 1-year low of $133.07 and a 1-year high of $226.94.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. As a group, sell-side analysts anticipate that TKO Group will post 3.88 earnings per share for the current year.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TKO Group’s payout ratio is currently 138.67%.

TKO Group Company Profile

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.