TKO Group Holdings, Inc. (NYSE:TKO) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have received an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $232.62.

A number of brokerages have recently issued reports on TKO. Arete Research upgraded shares of TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Tuesday. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. Finally, BTIG Research reissued a “buy” rating and issued a $237.00 target price on shares of TKO Group in a research note on Tuesday, August 4th.

Insider Buying and Selling

In other news, CEO Ariel Emanuel sold 24,702 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $4,801,821.78. Following the sale, the chief executive officer directly owned 174,334 shares in the company, valued at approximately $33,888,786.26. This represents a 12.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro sold 19,120 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $3,716,736.80. Following the completion of the transaction, the insider directly owned 147,071 shares of the company’s stock, valued at approximately $28,589,131.69. The trade was a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 97,325 shares of company stock valued at $18,798,012 over the last ninety days. Company insiders own 64.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently modified their holdings of TKO. Bank of America Corp DE boosted its holdings in shares of TKO Group by 22.5% in the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after acquiring an additional 256,305 shares in the last quarter. Munro Partners grew its position in TKO Group by 24.4% during the 4th quarter. Munro Partners now owns 712,256 shares of the company’s stock worth $148,862,000 after acquiring an additional 139,600 shares during the last quarter. Annex Advisory Services LLC grew its position in TKO Group by 1.3% during the 2nd quarter. Annex Advisory Services LLC now owns 418,586 shares of the company’s stock worth $84,266,000 after acquiring an additional 5,483 shares during the last quarter. Hawk Ridge Capital Management LP grew its position in TKO Group by 16.5% during the 1st quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock worth $83,411,000 after acquiring an additional 58,604 shares during the last quarter. Finally, Cat Rock Capital Management LP increased its holdings in TKO Group by 10.7% during the 2nd quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock valued at $68,287,000 after purchasing an additional 32,700 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

TKO opened at $179.36 on Wednesday. The stock’s 50 day simple moving average is $186.06 and its 200-day simple moving average is $190.29. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The stock has a market cap of $33.95 billion, a PE ratio of 62.93 and a beta of 0.67. TKO Group has a 1 year low of $170.92 and a 1 year high of $226.94.

TKO Group (NYSE:TKO) last issued its earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that TKO Group will post 4.43 EPS for the current year.

TKO Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.79 per share. The ex-dividend date was Tuesday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.8%. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.