TKO Group (NYSE:TKO) Price Target Raised to $175.00

TKO Group (NYSE:TKO) had its price objective raised by Guggenheim from $170.00 to $175.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Pivotal Research reiterated a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday. Citigroup increased their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Seaport Res Ptn lowered shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group increased their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Stock Up 0.2 %

Shares of NYSE TKO opened at $150.53 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $153.30 and a two-hundred day simple moving average of $135.22. The firm has a market capitalization of $25.71 billion, a PE ratio of -358.40 and a beta of 1.06. TKO Group has a 12 month low of $78.69 and a 12 month high of $179.09.

TKO Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio is presently -28.57%.

Insider Activity

In related news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after buying an additional 114,096 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after buying an additional 163,980 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of TKO Group by 7.4% in the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock worth $484,473,000 after buying an additional 235,420 shares during the last quarter. State Street Corp boosted its holdings in shares of TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of TKO Group by 2.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock worth $249,047,000 after buying an additional 47,768 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.