TKO Group (NYSE:TKO) Given New $175.00 Price Target at Guggenheim

TKO Group (NYSE:TKO - Free Report) had its target price boosted by Guggenheim from $170.00 to $175.00 in a research report released on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Pivotal Research reissued a "buy" rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a report on Thursday. UBS Group increased their price target on TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Morgan Stanley lifted their price target 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. The Goldman Sachs Group upped their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Seaport Res Ptn downgraded shares of TKO Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

TKO Group Stock Down 2.0 %

Shares of TKO stock traded down $3.00 on Thursday, hitting $147.64. The company's stock had a trading volume of 1,209,700 shares, compared to its average volume of 1,193,324. 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 stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of -351.52 and a beta of 1.06. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $179.09. The firm's fifty day moving average price is $153.30 and its 200-day moving average price is $135.34.

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TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.03%. TKO Group's dividend payout ratio is currently 7,600.00%.

Insider Activity

In other TKO Group news, insider Seth D. Krauss sold 2,438 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $143.80, for a total value of $350,584.40. Following the transaction, the insider now directly owns 7,983 shares in the company, valued at approximately $1,147,955.40. This trade represents a 23.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company's stock, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company's stock.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently added to or reduced their stakes in TKO. Smartleaf Asset Management LLC lifted its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the period. Blue Trust Inc. raised its stake in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after buying an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in TKO Group in the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its holdings in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after buying an additional 231 shares during the period. Finally, Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% in the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock valued at $35,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

About TKO Group

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.