TKO Group Holdings, Inc. (NYSE:TKO) Receives $233.73 Average PT from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $233.7333.

Several equities analysts have weighed in on the company. BTIG Research restated a “buy” rating and set a $237.00 target price on shares of TKO Group in a report on Thursday, May 7th. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen raised TKO Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Zacks Research upgraded TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th.

TKO Group Stock Performance

Shares of TKO opened at $184.02 on Monday. The firm has a market cap of $35.72 billion, a price-to-earnings ratio of 68.66 and a beta of 0.60. The company’s fifty day moving average is $196.68 and its 200-day moving average is $200.53. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. TKO Group has a 12 month low of $152.29 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a net margin of 4.47% and a return on equity of 2.49%. TKO Group’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. Equities analysts expect that TKO Group will post 4.94 EPS for the current fiscal year.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.79 dividend. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. TKO Group’s payout ratio is 117.91%.

Insider Activity

In other news, insider Mark S. Shapiro bought 10,807 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $185.05 per share, for a total transaction of $1,999,835.35. Following the purchase, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This represents a 9.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer bought 2,696 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $185.44 per share, for a total transaction of $499,946.24. Following the acquisition, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $5,607,705.60. This trade represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders purchased 24,308 shares of company stock worth $4,499,679. 64.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently bought and sold shares of the company. Annex Advisory Services LLC grew its position in shares of TKO Group by 1.3% in the second quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock valued at $84,266,000 after purchasing an additional 5,483 shares during the last quarter. CX Institutional lifted its position in shares of TKO Group by 167.8% during the 2nd quarter. CX Institutional now owns 1,015 shares of the company’s stock worth $204,000 after purchasing an additional 636 shares during the last quarter. Pacer Advisors Inc. boosted its stake in TKO Group by 2,440.3% during the 1st quarter. Pacer Advisors Inc. now owns 135,346 shares of the company’s stock valued at $27,293,000 after purchasing an additional 130,018 shares during the period. DV Trading LLC boosted its stake in TKO Group by 5,900.0% during the 1st quarter. DV Trading LLC now owns 1,200 shares of the company’s stock valued at $242,000 after purchasing an additional 1,180 shares during the period. Finally, Glenmede Trust Co. NA acquired a new stake in TKO Group in the 1st quarter valued at approximately $204,000. 89.79% of the stock is currently owned by institutional investors.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.