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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $233.7333.

Several equities analysts have recently issued reports on TKO shares. TD Cowen boosted their target price on TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. BTIG Research reissued a “buy” rating and set a $237.00 target price on shares of TKO Group in a research note on Thursday, May 7th. Roth Mkm set a $228.00 target price on TKO Group in a research note on Monday, May 4th. Sanford C. Bernstein reduced their target price on TKO Group from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Finally, Wolfe Research reissued a “peer perform” rating on shares of TKO Group in a research note on Thursday, March 5th.

Insider Buying and Selling

In other news, CEO Ariel Emanuel purchased 10,805 shares of TKO Group stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $185.09 per share, with a total value of $1,999,897.45. Following the completion of the purchase, the chief executive officer directly owned 154,655 shares in the company, valued at approximately $28,625,093.95. This trade represents a 7.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shane Kapral sold 254 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $199.15, for a total value of $50,584.10. Following the completion of the sale, the chief financial officer directly owned 99 shares in the company, valued at approximately $19,715.85. The trade was a 71.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 30,040 shares valued at $6,073,793. Company insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in TKO Group in the fourth quarter worth $27,000. Cornerstone Planning Group LLC grew its stake in TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the period. Torren Management LLC purchased a new stake in TKO Group in the fourth quarter worth $32,000. Aventura Private Wealth LLC bought a new stake in TKO Group in the fourth quarter worth $35,000. Finally, Clearstead Advisors LLC boosted its holdings in TKO Group by 234.0% in the fourth quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 124 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Price Performance

TKO opened at $191.69 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. TKO Group has a 52-week low of $152.29 and a 52-week high of $226.94. The stock has a market capitalization of $37.21 billion, a PE ratio of 71.53 and a beta of 0.57. The stock’s 50 day moving average price is $192.35 and its 200-day moving average price is $198.85.

TKO Group (NYSE:TKO) last posted its earnings results 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. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts predict that TKO Group will post 5 EPS for the current year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. TKO Group’s dividend payout ratio is presently 116.42%.

About TKO Group

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.