Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) PT at $159.36

TKO Group Holdings, Inc. (NYSE:TKO) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $159.36.

A number of equities research analysts have recently issued reports on TKO shares. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Guggenheim increased their target price on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Pivotal Research reiterated a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

TKO Group Price Performance

NYSE TKO opened at $148.30 on Friday. 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 1 year low of $94.32 and a 1 year high of $179.09. The company has a market cap of $25.38 billion, a PE ratio of -353.10 and a beta of 0.90. The stock’s 50-day moving average price is $153.09 and its two-hundred day moving average price is $141.98.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is presently 7,600.00%.

Insider Activity at TKO Group

In related news, CFO Andrew M. Schleimer sold 3,265 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total transaction of $469,507.00. Following the transaction, the chief financial officer now owns 9,563 shares of the company’s stock, valued at approximately $1,375,159.40. This trade represents a 25.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell bought 125,589 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $143.06 per share, with a total value of $17,966,762.34. Following the completion of the transaction, the insider now directly owns 807,376 shares of the company’s stock, valued at approximately $115,503,210.56. This represents a 18.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,921,383 shares of company stock valued at $304,417,051 and sold 5,833 shares valued at $838,785. 53.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TKO Group

Several institutional investors have recently bought and sold shares of TKO. Sentry Investment Management LLC bought a new stake in TKO Group during the first quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its stake in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of TKO Group during the 4th quarter worth $32,000. Farther Finance Advisors LLC grew its stake in TKO Group by 129.8% in the 1st quarter. Farther Finance Advisors LLC now owns 216 shares of the company’s stock valued at $33,000 after buying an additional 122 shares during the last quarter. Finally, Game Plan Financial Advisors LLC raised its holdings in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. 89.79% of the stock is currently owned by institutional investors.

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.