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

TKO Group Holdings, Inc. (NYSE:TKO) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $168.08.

TKO has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of TKO Group in a report on Wednesday, June 4th. They set an “outperform” rating and a $190.00 price target on the stock. Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They set a “positive” rating and a $180.00 target price for the company. The Goldman Sachs Group upped their price target on TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Guggenheim raised their price objective on TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on TKO Group from $158.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st.

TKO Group Trading Up 0.9%

Shares of TKO opened at $177.27 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.25 and a current ratio of 1.25. TKO Group has a 52-week low of $102.46 and a 52-week high of $182.60. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of 89.98 and a beta of 0.73. The business’s fifty day moving average is $165.80 and its 200-day moving average is $155.74.

TKO Group (NYSE:TKO) last posted its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted ($1.26) earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.38 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.86%. TKO Group’s dividend payout ratio is presently 77.16%.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,519 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $158.46, for a total value of $1,508,380.74. Following the completion of the sale, the director owned 210,967 shares in the company, valued at $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter C. B. Bynoe purchased 980 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the acquisition, the director owned 2,747 shares of the company’s stock, valued at $465,863.73. The trade was a 55.46% increase in their position. The disclosure for this purchase can be found here. Company insiders own 61.30% of the company’s stock.

Institutional Trading of TKO Group

A number of hedge funds have recently bought and sold shares of TKO. Vanguard Group Inc. boosted its stake in TKO Group by 19.4% in the first quarter. Vanguard Group Inc. now owns 7,976,904 shares of the company’s stock valued at $1,218,951,000 after acquiring an additional 1,295,817 shares during the last quarter. Invesco Ltd. raised its holdings in shares of TKO Group by 569.7% in the 1st quarter. Invesco Ltd. now owns 1,423,052 shares of the company’s stock worth $217,457,000 after purchasing an additional 1,210,563 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in TKO Group by 242.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after purchasing an additional 1,059,636 shares during the last quarter. Norges Bank bought a new position in TKO Group during the fourth quarter valued at $104,613,000. Finally, Ameriprise Financial Inc. increased its position in TKO Group by 57.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after buying an additional 611,178 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

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.