TKO Group Holdings, Inc. (NYSE:TKO) Given Consensus Recommendation of "Moderate Buy" by Analysts

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $159.36.

TKO has been the topic of a number of research analyst reports. Benchmark reissued a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. The Goldman Sachs Group increased their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Citigroup boosted their target price on TKO Group from $137.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Finally, Pivotal Research reaffirmed a "buy" rating and set a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th.

TKO Group Stock Performance

TKO traded up $1.64 during trading hours on Friday, hitting $149.77. The company's stock had a trading volume of 796,700 shares, compared to its average volume of 1,087,212. The company has a 50-day simple moving average of $153.69 and a 200 day simple moving average of $141.88. 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 firm has a market capitalization of $25.64 billion, a PE ratio of -356.60 and a beta of 0.90. TKO Group has a fifty-two week low of $94.32 and a fifty-two week high of $179.09.

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TKO Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. TKO Group's dividend payout ratio (DPR) is 7,600.00%.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell purchased 177,861 shares of the business's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $165.99 per share, for a total transaction of $29,523,147.39. Following the completion of the acquisition, the insider now directly owns 2,188,966 shares of the company's stock, valued at $363,346,466.34. The trade was a 8.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew M. Schleimer sold 3,265 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total transaction of $469,507.00. Following the completion of the sale, the chief financial officer now owns 9,563 shares of the company's stock, valued at approximately $1,375,159.40. This trade represents a 25.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 5,833 shares worth $838,785. Corporate insiders own 53.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock valued at $949,449,000 after purchasing an additional 114,096 shares during the period. Ninety One UK Ltd grew its position in TKO Group by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP grew its position in TKO Group by 7.4% during the fourth quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after purchasing an additional 235,420 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after buying an additional 47,768 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company's stock worth $238,574,000 after buying an additional 611,178 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.