TKO Group Holdings, Inc. (NYSE:TKO) Receives $161.08 Average Price Target from Analysts

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are covering the company, MarketBeat.com 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $162.33.

A number of research firms recently commented on TKO. Guggenheim lifted their price target on shares of TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday. Susquehanna began coverage on TKO Group in a report on Monday, April 28th. They set a "positive" rating and a $180.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Benchmark restated a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Pivotal Research reissued a "buy" rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research report on Thursday, February 27th.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel purchased 117,769 shares of TKO Group stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the chief executive officer now owns 2,579,437 shares of the company's stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were bought at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now directly owns 2,461,668 shares in the company, valued at $432,268,900.80. This trade represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 414,204 shares of company stock worth $71,689,438. Corporate insiders own 53.80% of the company's stock.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently bought and sold shares of TKO. Hemington Wealth Management grew its stake in shares of TKO Group by 425.0% in the first quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 136 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of TKO Group during the first quarter worth $26,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $26,000 after acquiring an additional 151 shares in the last quarter. Sentry Investment Management LLC acquired a new position in TKO Group during the 1st quarter worth approximately $25,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in TKO Group in the first quarter worth $27,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of NYSE:TKO traded down $9.19 during mid-day trading on Wednesday, reaching $159.77. 1,867,347 shares of the company traded hands, compared to its average volume of 1,107,861. The company's 50 day moving average price is $151.47 and its 200-day moving average price is $145.79. The firm has a market cap of $27.35 billion, a PE ratio of -380.40 and a beta of 0.73. TKO Group has a 52 week low of $98.52 and a 52 week high of $179.09. 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 (NYSE:TKO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.26) EPS. On average, equities analysts expect that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.95%. TKO Group's dividend payout ratio is currently 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.