TKO Group Holdings, Inc. (NYSE:TKO) Receives $148.08 Average Price Target from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $157.00.

Several brokerages have recently issued reports on TKO. Morgan Stanley upped their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Pivotal Research reiterated a “buy” rating and set a $195.00 price target (up previously from $145.00) on shares of TKO Group in a research note on Thursday. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Insider Activity

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This trade represents a 1.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

A number of hedge funds have recently bought and sold shares of TKO. Park Avenue Securities LLC lifted its position in shares of TKO Group by 59.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares in the last quarter. Retirement Systems of Alabama increased its holdings in TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock worth $9,984,000 after buying an additional 8,006 shares during the last quarter. HighTower Advisors LLC increased its holdings in TKO Group by 177.2% in the third quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after buying an additional 16,746 shares during the last quarter. Petrus Trust Company LTA acquired a new position in TKO Group in the third quarter worth approximately $597,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after buying an additional 383,869 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Price Performance

Shares of TKO opened at $151.68 on Friday. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $179.09. The firm’s 50 day moving average price is $153.16 and its 200 day moving average price is $134.89. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $25.90 billion, a P/E ratio of -361.13 and a beta of 1.06.

TKO Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is -28.57%.

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.