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

Key Points

• TKO Group Holdings, Inc. (NYSE:TKO) has received a consensus rating of "Moderate Buy" from 19 ratings firms, with an average price target of $192.21.
• The company has recently upgraded its quarterly dividend from $0.38 to $0.76, with a dividend yield of 1.5% and a dividend payout ratio of 125.62%.
• Insider trading activity shows that Director Nick Khan sold over 45,000 shares at an average price of $170.82, indicating a 22.40% decrease in his position.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $192.2143.

A number of equities research analysts have commented on TKO shares. Zacks Research upgraded TKO Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. UBS Group upped their price target on TKO Group from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Sanford C. Bernstein started coverage on TKO Group in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price target on the stock. Citigroup upped their price target on TKO Group from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of TKO Group in a research report on Sunday, August 10th.

Insider Activity

In other news, Director Nick Khan sold 45,168 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $170.82, for a total value of $7,715,597.76. Following the transaction, the director directly owned 156,494 shares of the company's stock, valued at $26,732,305.08. The trade was a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 73,725 shares of company stock valued at $12,767,807. 61.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in shares of TKO Group by 8.5% in the 2nd quarter. Osaic Holdings Inc. now owns 13,364 shares of the company's stock valued at $2,410,000 after purchasing an additional 1,049 shares during the period. Munro Partners acquired a new position in shares of TKO Group in the 2nd quarter valued at about $65,670,000. MRP Capital Investments LLC lifted its stake in shares of TKO Group by 17.8% in the 2nd quarter. MRP Capital Investments LLC now owns 7,372 shares of the company's stock valued at $1,341,000 after purchasing an additional 1,113 shares during the period. Advisory Services Network LLC acquired a new position in shares of TKO Group in the 2nd quarter valued at about $460,000. Finally, State of Wyoming acquired a new position in TKO Group during the 2nd quarter worth approximately $724,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Up 3.4%

Shares of TKO stock opened at $200.52 on Tuesday. The stock's fifty day simple moving average is $177.14 and its 200 day simple moving average is $164.17. TKO Group has a twelve month low of $113.16 and a twelve month high of $200.71. The firm has a market capitalization of $39.76 billion, a P/E ratio of 82.86 and a beta of 0.79. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.72 EPS. The company's quarterly revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts predict that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from TKO Group's previous quarterly dividend of $0.38. TKO Group's dividend payout ratio (DPR) is presently 125.62%.

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.

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