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

TKO Group Holdings, Inc. (NYSE:TKO) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $233.5333.

Several equities research analysts recently commented on TKO shares. Sanford C. Bernstein lowered their price target on TKO Group from $240.00 to $235.00 and set an “outperform” rating for the company in a research note on Tuesday. Guggenheim cut their price objective on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen upgraded shares of TKO Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th.

TKO Group Price Performance

Shares of NYSE:TKO opened at $183.53 on Friday. The firm has a market cap of $35.63 billion, a price-to-earnings ratio of 68.48 and a beta of 0.60. TKO Group has a 1 year low of $152.29 and a 1 year high of $226.94. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $195.12 and a 200 day simple moving average of $197.85.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that TKO Group will post 4.92 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 1.7%. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.

Insider Buying and Selling at TKO Group

In related news, CFO Andrew M. Schleimer bought 2,696 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $185.44 per share, for a total transaction of $499,946.24. Following the completion of the acquisition, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro purchased 10,807 shares of TKO Group stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the transaction, the insider directly owned 129,207 shares of the company’s stock, valued at approximately $23,909,755.35. The trade was a 9.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders bought 24,308 shares of company stock valued at $4,499,679 and sold 51,775 shares valued at $9,716,321. 64.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its holdings in TKO Group by 108,668.4% in the 4th quarter. Vontobel Holding Ltd. now owns 1,268,239 shares of the company’s stock worth $265,062,000 after purchasing an additional 1,267,073 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock valued at $665,826,000 after purchasing an additional 1,128,749 shares during the last quarter. State Street Corp grew its holdings in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after purchasing an additional 887,401 shares during the last quarter. Norges Bank bought a new position in shares of TKO Group in the fourth quarter valued at approximately $150,602,000. Finally, Alliancebernstein L.P. lifted its stake in shares of TKO Group by 551.8% in the second quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after buying an additional 419,021 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.