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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $159.36.

Several analysts recently commented on the stock. Guggenheim upped their price target on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group upped their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Morgan Stanley raised their price target on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, 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.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell bought 177,861 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $165.99 per share, with a total value of $29,523,147.39. Following the purchase, the insider now owns 2,188,966 shares in the company, valued at approximately $363,346,466.34. The trade was a 8.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. Insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TKO. Focus Partners Advisor Solutions LLC raised its holdings in TKO Group by 3.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock valued at $261,000 after acquiring an additional 63 shares in the last quarter. M&T Bank Corp raised its stake in shares of TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. increased its position in shares of TKO Group by 28.2% during the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the period. Bessemer Group Inc. boosted its position in shares of TKO Group by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock valued at $3,720,000 after purchasing an additional 78 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of TKO Group by 1.1% in the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company’s stock valued at $1,155,000 after buying an additional 82 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Price Performance

Shares of NYSE TKO opened at $148.30 on Friday. 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 stock has a market cap of $25.38 billion, a P/E ratio of -353.10 and a beta of 0.90. The stock has a 50 day moving average of $153.09 and a two-hundred day moving average of $141.98. TKO Group has a twelve month low of $94.32 and a twelve month high of $179.09.

TKO Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.02%. TKO Group’s dividend payout ratio (DPR) is currently 7,600.00%.

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.