TKO Group Holdings, Inc. (NYSE:TKO) Receives $183.15 Consensus Price Target from Analysts

Key Points

• TKO Group Holdings, Inc. has received an average rating of "Moderate Buy" from 16 brokerages, with 13 buy recommendations and one strong buy.
• Recent analyst reports have increased TKO's price target, with Roth Capital raising it to $210 and JPMorgan Chase setting it at $182.
• The company reported quarterly earnings of $1.17 EPS, missing estimates but showing a 53.7% year-over-year revenue growth.

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $187.3846.

TKO has been the subject of a number of analyst reports. Citigroup boosted their price target on TKO Group from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday. Susquehanna initiated coverage on TKO Group in a research report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target for the company. The Goldman Sachs Group boosted their price target on TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. UBS Group boosted their price target on TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Roth Capital boosted their price target on TKO Group from $208.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th.

TKO Group Stock Down 1.1%

NYSE TKO traded down $2.19 on Friday, reaching $188.81. The stock had a trading volume of 719,198 shares, compared to its average volume of 1,069,832. The business has a 50 day moving average price of $172.03 and a 200 day moving average price of $161.83. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. TKO Group has a 1 year low of $113.16 and a 1 year high of $194.76. The company has a market capitalization of $37.37 billion, a price-to-earnings ratio of 78.02 and a beta of 0.72.

TKO Group (NYSE:TKO - Get Free Report) last issued its 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 firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the firm earned $0.72 EPS. The business's revenue for the quarter was up 53.7% compared to the same quarter last year. On average, analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, June 13th. TKO Group's payout ratio is currently 62.81%.

Insider Activity at TKO Group

In other news, major shareholder Lake West Voteco L.L.C Silver purchased 1,579,080 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $158.32 per share, for a total transaction of $249,999,945.60. Following the completion of the purchase, the insider directly owned 4,158,517 shares of the company's stock, valued at approximately $658,376,411.44. The trade was a 61.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nick Khan sold 45,168 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the sale, the director owned 156,494 shares in the company, valued at approximately $26,732,305.08. This represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,725 shares of company stock worth $12,501,561 over the last three months. Company insiders own 61.30% of the company's stock.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently bought and sold shares of TKO. Sentry Investment Management LLC acquired a new position in TKO Group during the 1st quarter worth $25,000. Hemington Wealth Management lifted its stake in shares of TKO Group by 425.0% in the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after purchasing an additional 136 shares during the period. Whittier Trust Co. lifted its stake in shares of TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company's stock valued at $25,000 after purchasing an additional 105 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group in the 1st quarter valued at $26,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company's stock valued at $26,000 after purchasing an additional 126 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.