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

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $157.00.

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Guggenheim lifted their target price on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Pivotal Research reiterated a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Benchmark reiterated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd.

TKO Group Stock Performance

TKO stock opened at $149.77 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $25.64 billion, a P/E ratio of -356.59 and a beta of 1.08. The firm has a 50 day simple moving average of $154.33 and a 200 day simple moving average of $138.18. TKO Group has a 52 week low of $84.88 and a 52 week high of $179.09.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is 7,600.00%.

Insider Activity

In other news, Director Sonya E. Medina purchased 233 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of $142.93 per share, with a total value of $33,302.69. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Kraft bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. This trade represents a 17.50 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new position in TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. increased its position in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the period. Game Plan Financial Advisors LLC increased its position in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group during the fourth quarter worth $38,000. Institutional investors own 89.79% of the company’s stock.

About TKO Group

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.