TKO Group Holdings, Inc. (NYSE:TKO) Receives $157.00 Average PT from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $157.00.

Several research analysts have recently commented on TKO shares. Pivotal Research reiterated a “buy” rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Morgan Stanley boosted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, UBS Group upped their target price on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

Insider Buying and Selling at TKO Group

In other TKO Group 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 transaction of $146,765.96. Following the sale, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $285,860. This represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,921,383 shares of company stock worth $304,417,051 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TKO. Smartleaf Asset Management LLC grew its holdings in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of TKO Group in the fourth quarter valued at $32,000. Game Plan Financial Advisors LLC raised its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after buying an additional 155 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in TKO Group during the fourth quarter worth $38,000. Finally, UMB Bank n.a. increased its position in TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Up 2.2 %

Shares of TKO stock opened at $153.17 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $26.22 billion, a P/E ratio of -364.70 and a beta of 1.08. The business has a 50-day moving average price of $154.55 and a two-hundred day moving average price of $138.58. TKO Group has a 12-month low of $84.88 and a 12-month high of $179.09.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.99%. TKO Group’s payout ratio is 7,600.00%.

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.