TKO Group Holdings, Inc. (NYSE:TKO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given an average rating of “Moderate Buy” by the twenty-three analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $224.6667.

A number of analysts have recently issued reports on TKO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TKO Group in a report on Monday. Zacks Research lowered TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Baird R W upgraded TKO Group to a “strong-buy” rating in a report on Friday, September 5th. BTIG Research reiterated a “buy” rating and set a $235.00 price objective on shares of TKO Group in a research report on Tuesday, November 18th. Finally, Robert W. Baird raised their price objective on TKO Group from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th.

Insider Activity

In related news, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $206.44, for a total value of $52,435.76. Following the completion of the transaction, the chief financial officer directly owned 1,266 shares in the company, valued at $261,353.04. The trade was a 16.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.16, for a total transaction of $1,857,728.04. Following the completion of the sale, the director owned 108,985 shares of the company’s stock, valued at $21,269,512.60. This represents a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 29,827 shares of company stock valued at $5,777,565 over the last 90 days. 61.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in TKO Group by 242.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,462 shares of the company’s stock valued at $228,675,000 after buying an additional 1,059,636 shares during the period. State Street Corp raised its position in shares of TKO Group by 20.3% in the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares during the period. Norges Bank purchased a new stake in shares of TKO Group during the 2nd quarter worth about $132,441,000. Ninety One UK Ltd grew its position in shares of TKO Group by 14.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after acquiring an additional 611,233 shares during the period. Finally, Congress Asset Management Co. purchased a new position in shares of TKO Group in the 2nd quarter valued at about $82,056,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

NYSE:TKO opened at $211.83 on Thursday. The stock has a market cap of $41.32 billion, a P/E ratio of 81.16 and a beta of 0.65. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $190.33 and its two-hundred day moving average price is $184.16. TKO Group has a twelve month low of $133.07 and a twelve month high of $216.14.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities analysts predict that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group declared that its board has initiated a share repurchase plan on Monday, September 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be issued a $0.78 dividend. This is an increase from TKO Group’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 15th. TKO Group’s dividend payout ratio (DPR) is presently 119.54%.

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.