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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $231.7333.

A number of equities research analysts have recently commented on TKO shares. UBS Group increased their target price on TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded TKO Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. BTIG Research lowered their price target on TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Zacks Research cut shares of TKO Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Sanford C. Bernstein increased their price objective on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th.

TKO Group Stock Performance

Shares of TKO opened at $189.14 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $36.72 billion, a P/E ratio of 84.06 and a beta of 0.66. The business’s 50 day moving average price is $204.83 and its 200-day moving average price is $199.66. TKO Group has a 52 week low of $133.07 and a 52 week high of $226.94.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. Equities research analysts anticipate that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.78 per share. The ex-dividend date is Monday, March 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TKO Group’s dividend payout ratio is presently 138.67%.

Insider Activity at TKO Group

In other TKO Group news, insider Seth D. Krauss sold 2,271 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total value of $2,096,720.22. Following the completion of the sale, the director directly owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. The trade was a 7.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 169,055 shares of company stock valued at $34,535,105 over the last 90 days. Corporate insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently modified their holdings of the business. State Street Corp raised its position in TKO Group by 20.3% in the 3rd quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after buying an additional 887,401 shares during the last quarter. Ninety One UK Ltd lifted its stake in TKO Group by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock valued at $1,046,287,000 after acquiring an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TKO Group by 54.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after acquiring an additional 1,128,749 shares during the last quarter. XN LP grew its stake in shares of TKO Group by 6.3% in the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after acquiring an additional 169,574 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of TKO Group by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.