TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $157.00.

Several equities analysts have recently issued reports on TKO shares. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Morgan Stanley increased their price objective 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. Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, Pivotal Research reissued a "buy" rating and issued a $195.00 target price (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th.

Insider Activity

In other TKO Group news, major shareholder Patrick Whitesell purchased 177,861 shares of TKO Group stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the transaction, the insider now directly owns 2,188,966 shares in the company, valued at $363,346,466.34. This trade represents a 8.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sonya E. Medina purchased 233 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,921,383 shares of company stock valued at $304,417,051 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company's stock.

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Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its position in TKO Group by 3.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,971 shares of the company's stock valued at $491,000 after buying an additional 139 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of TKO Group in the third quarter valued at about $222,000. KBC Group NV increased its stake in shares of TKO Group by 12.2% during the third quarter. KBC Group NV now owns 1,858 shares of the company's stock worth $230,000 after acquiring an additional 202 shares during the period. Natixis Advisors LLC raised its holdings in TKO Group by 237.0% during the third quarter. Natixis Advisors LLC now owns 43,576 shares of the company's stock worth $5,391,000 after purchasing an additional 30,647 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in TKO Group by 6.5% in the third quarter. Mutual of America Capital Management LLC now owns 35,905 shares of the company's stock valued at $4,442,000 after purchasing an additional 2,179 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 0.4 %

Shares of NYSE TKO traded down $0.63 during mid-day trading on Tuesday, hitting $149.77. The company had a trading volume of 19,094,539 shares, compared to its average volume of 1,056,073. TKO Group has a 1-year low of $84.88 and a 1-year high of $179.09. The company has a market capitalization of $25.64 billion, a PE ratio of -356.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business's 50-day simple moving average is $154.14 and its 200 day simple moving average is $137.82.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group's dividend payout ratio (DPR) is 7,600.00%.

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.