Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $227.73

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been assigned an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $227.7333.

A number of brokerages recently weighed in on TKO. Arete Research raised shares of TKO Group to a “hold” rating in a report on Wednesday, October 15th. BTIG Research lifted their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Wolfe Research reissued an “outperform” rating and set a $227.00 target price on shares of TKO Group in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. Finally, Pivotal Research upped their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 6th.

TKO Group Stock Performance

Shares of TKO Group stock opened at $213.48 on Friday. The business’s fifty day simple moving average is $206.24 and its 200 day simple moving average is $194.17. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. TKO Group has a 12 month low of $133.07 and a 12 month high of $218.11. The firm has a market capitalization of $41.65 billion, a P/E ratio of 81.79 and a beta of 0.65.

TKO Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is currently 119.54%.

Insider Buying and Selling

In related news, Director Nick Khan sold 7,744 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $1,564,133.12. Following the sale, the director directly owned 129,084 shares in the company, valued at approximately $26,072,386.32. The trade was a 5.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the transaction, the chief financial officer owned 27,544 shares of the company’s stock, valued at $5,563,337.12. This represents a 30.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,478 shares of company stock worth $34,150,456 in the last quarter. 53.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC purchased a new position in shares of TKO Group in the fourth quarter valued at $27,000. Whittier Trust Co. boosted its stake in TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 105 shares during the period. Golden State Wealth Management LLC grew its holdings in TKO Group by 840.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of TKO Group in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.