TKO Group Holdings, Inc. (NYSE:TKO) Receives $157.00 Average Price Target from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $157.00.

Several equities research analysts have issued reports on the company. Guggenheim raised their price target on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Pivotal Research reissued a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th.

TKO Group Stock Up 2.2 %

TKO Group stock opened at $153.17 on Tuesday. The company has a fifty day simple moving average of $154.55 and a 200 day simple moving average of $138.58. TKO Group has a 1-year low of $84.88 and a 1-year high of $179.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.22 billion, a P/E ratio of -364.70 and a beta of 1.08.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insider Transactions at TKO Group

In other news, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sonya E. Medina acquired 233 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in shares of TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. purchased a new stake in TKO Group in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. boosted its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares during the period. Game Plan Financial Advisors LLC grew its position in shares of TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after purchasing an additional 155 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of TKO Group during the 4th quarter valued at $38,000. Hedge funds and other 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.