TKO Group Holdings, Inc. (NYSE:TKO) Given Average Recommendation of "Moderate Buy" by Brokerages

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $166.25.

TKO has been the topic of a number of analyst reports. Guggenheim increased their price target on TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upped their price target on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group lifted their price objective on shares of TKO Group from $170.00 to $188.00 and gave the company a "buy" rating in a report on Monday, May 12th.

TKO Group Trading Up 1.6%

NYSE:TKO traded up $2.53 during trading hours on Friday, hitting $162.08. 505,376 shares of the stock were exchanged, compared to its average volume of 1,110,434. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a twelve month low of $100.76 and a twelve month high of $179.09. The company has a market capitalization of $32.08 billion, a P/E ratio of -385.90 and a beta of 0.73. The company's 50 day moving average is $155.48 and its two-hundred day moving average is $150.87.

TKO Group (NYSE:TKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned ($1.26) earnings per share. The company's revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, June 13th. TKO Group's payout ratio is presently 77.16%.

Insider Activity at TKO Group

In other news, Director Sonya E. Medina bought 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Kraft purchased 3,500 shares of the stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $140.69 per share, for a total transaction of $492,415.00. Following the transaction, the director now owns 23,500 shares of the company's stock, valued at approximately $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. 61.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sentry Investment Management LLC acquired a new stake in TKO Group during the 1st quarter valued at $25,000. Hemington Wealth Management boosted its holdings in shares of TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after buying an additional 136 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock worth $26,000 after acquiring an additional 151 shares during the period. N.E.W. Advisory Services LLC acquired a new position in TKO Group in the 1st quarter valued at $26,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group during the 1st quarter worth approximately $27,000. 89.79% of the stock is owned by institutional investors and hedge funds.

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.