TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $237.50.

TKO has been the topic of several analyst reports. Guggenheim lifted their target price on shares of TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BTIG Research restated a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a research report on Tuesday, August 4th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Sanford C. Bernstein boosted their target price on TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley increased their target price on TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th.

TKO Group Price Performance

TKO Group stock opened at $189.01 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50 day simple moving average of $188.33 and a 200-day simple moving average of $193.75. TKO Group has a 12 month low of $176.00 and a 12 month high of $226.94. The stock has a market capitalization of $35.77 billion, a PE ratio of 66.32 and a beta of 0.62.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. Equities analysts predict that TKO Group will post 5.18 earnings per share for the current year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is 110.88%.

Insider Activity at TKO Group

In other news, Director Nick Khan sold 9,589 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $194.77, for a total transaction of $1,867,649.53. Following the transaction, the director directly owned 29,751 shares of the company’s stock, valued at $5,794,602.27. This represents a 24.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel sold 24,702 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the transaction, the chief executive officer owned 174,334 shares of the company’s stock, valued at $33,888,786.26. This represents a 12.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 120,404 shares of company stock valued at $23,073,938 over the last 90 days. Company insiders own 64.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its holdings in shares of TKO Group by 26.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after acquiring an additional 590 shares during the period. Integrated Wealth Concepts LLC grew its holdings in TKO Group by 19.5% in the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock valued at $399,000 after purchasing an additional 324 shares during the last quarter. NewEdge Advisors LLC grew its holdings in TKO Group by 12.5% in the second quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock valued at $481,000 after purchasing an additional 265 shares during the last quarter. IFP Advisors Inc boosted its position in shares of TKO Group by 1.9% in the 2nd quarter. IFP Advisors Inc now owns 8,699 shares of the company’s stock worth $1,751,000 after buying an additional 163 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of TKO Group by 12.2% in the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock worth $124,000 after buying an additional 67 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings’ Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.

UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.