TKO Group Holdings, Inc. (NYSE:TKO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $157.00.

A number of equities analysts have commented on TKO shares. Morgan Stanley boosted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Guggenheim increased their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Pivotal Research reiterated a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th.

TKO Group Trading Up 4.4 %

NYSE TKO opened at $145.82 on Tuesday. The stock has a market cap of $24.96 billion, a P/E ratio of -347.20 and a beta of 1.08. The company’s fifty day simple moving average is $153.74 and its 200-day simple moving average is $137.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 52 week low of $79.65 and a 52 week high of $179.09.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Activity at TKO Group

In related news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Patrick Whitesell bought 177,861 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the transaction, the insider now directly owns 2,188,966 shares of the company’s stock, valued at $363,346,466.34. This trade represents a 8.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,921,150 shares of company stock valued at $304,383,748 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after acquiring an additional 16,536 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TKO Group by 21.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock worth $2,836,000 after purchasing an additional 3,572 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after purchasing an additional 4,836 shares during the period. Retirement Systems of Alabama raised its stake in shares of TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after purchasing an additional 16,746 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

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.