TKO Group Holdings, Inc. (NYSE:TKO) Receives $157.00 Consensus Target Price from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $157.00.

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their target price on TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. UBS Group boosted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Guggenheim upped their price target on TKO Group from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th.

Insider Activity

In other TKO Group news, Director Sonya E. Medina bought 233 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. The trade was a 13.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark S. Shapiro sold 31,666 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $4,494,672.04. Following the completion of the transaction, the insider now owns 73,677 shares in the company, valued at $10,457,713.38. This represents a 30.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently modified their holdings of the company. Focus Partners Advisor Solutions LLC increased its position in shares of TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock valued at $261,000 after purchasing an additional 63 shares during the last quarter. M&T Bank Corp boosted its holdings in TKO Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after acquiring an additional 64 shares during the period. Blue Trust Inc. lifted its holdings in TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares during the period. Bessemer Group Inc. lifted its holdings in TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock worth $3,720,000 after buying an additional 78 shares during the period. Finally, US Bancorp DE lifted its holdings in TKO Group by 18.0% in the 4th quarter. US Bancorp DE now owns 565 shares of the company’s stock worth $80,000 after buying an additional 86 shares during the period. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

TKO Group stock opened at $150.45 on Tuesday. The firm has a market cap of $25.75 billion, a P/E ratio of -358.20 and a beta of 1.08. The stock’s 50 day moving average is $154.14 and its 200 day moving average is $137.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group has a one year low of $84.88 and a one year high of $179.09.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. TKO Group’s dividend payout ratio is presently 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.