Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) PT at $168.08

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $168.08.

TKO has been the subject of several analyst reports. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Susquehanna assumed coverage on TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 price target for the company. Pivotal Research restated a "buy" rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group lifted their target price on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th.

TKO Group Trading Up 1.0%

Shares of TKO Group stock traded up $1.81 on Thursday, reaching $177.97. The company had a trading volume of 95,603 shares, compared to its average volume of 1,117,719. The firm has a market cap of $35.22 billion, a price-to-earnings ratio of 90.29 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25. The firm's 50-day moving average price is $163.35 and its two-hundred day moving average price is $154.73. TKO Group has a 1 year low of $102.46 and a 1 year high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data 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. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted ($1.26) earnings per share. The business's revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.85%. TKO Group's payout ratio is currently 77.16%.

Insider Buying and Selling

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver acquired 1,579,080 shares of TKO Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average price of $158.32 per share, with a total value of $249,999,945.60. Following the completion of the purchase, the insider now directly owns 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. This represents a 61.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter C. B. Bynoe bought 980 shares of the company's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $169.59 per share, for a total transaction of $166,198.20. Following the transaction, the director now directly owns 2,747 shares in the company, valued at approximately $465,863.73. This represents a 55.46% increase in their position. The disclosure for this purchase can be found here. 61.30% of the stock is owned by insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after buying an additional 73 shares during the last quarter. IFP Advisors Inc lifted its position in TKO Group by 18.2% during the fourth quarter. IFP Advisors Inc now owns 5,433 shares of the company's stock valued at $773,000 after acquiring an additional 837 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in TKO Group by 4.7% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,729 shares of the company's stock valued at $388,000 after acquiring an additional 123 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in TKO Group in the fourth quarter valued at approximately $2,948,000. Finally, US Bancorp DE grew its holdings in TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock worth $80,000 after purchasing an additional 86 shares during the last quarter. 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.