TKO Group (NYSE:TKO) Coverage Initiated at Susquehanna

Susquehanna began coverage on shares of TKO Group (NYSE:TKO - Free Report) in a research report released on Monday, Marketbeat reports. The firm issued a positive rating and a $180.00 price target on the stock.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group lifted their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Guggenheim reaffirmed a "buy" rating and set a $175.00 price target on shares of TKO Group in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and a consensus price target of $161.08.

TKO Group Price Performance

TKO stock traded up $0.50 during trading on Monday, hitting $163.41. The stock had a trading volume of 1,179,986 shares, compared to its average volume of 1,104,807. 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 has a twelve month low of $95.20 and a twelve month high of $179.09. The stock has a market capitalization of $27.97 billion, a P/E ratio of -389.07 and a beta of 0.90. The company's 50-day moving average price is $149.65 and its two-hundred day moving average price is $143.93.

TKO Group Dividend Announcement

The business also recently declared 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. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, March 14th. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Insider Transactions at TKO Group

In other TKO Group news, Director Sonya E. Medina acquired 233 shares of the business's stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at $285,860. The trade was a 13.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick Whitesell acquired 80,758 shares of the business's stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $156.79 per share, with a total value of $12,662,046.82. Following the transaction, the insider now directly owns 1,686,368 shares of the company's stock, valued at $264,405,638.72. This represents a 5.03 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 997,560 shares of company stock worth $165,425,018 over the last 90 days. 53.80% of the stock is currently owned by insiders.

Institutional Trading of TKO Group

Large investors have recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC boosted its stake in shares of TKO Group by 3.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock valued at $261,000 after acquiring an additional 63 shares during the last quarter. M&T Bank Corp boosted its stake in shares of TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. boosted its stake 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 acquiring an additional 73 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of TKO Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock valued at $3,720,000 after acquiring an additional 78 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its position in TKO Group by 1.1% during the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds 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.