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

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the twenty-three research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $226.00.

Several analysts have issued reports on the company. BTIG Research increased their target price on TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Weiss Ratings reissued a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. UBS Group upped their price objective on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Cowen reaffirmed a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Finally, Susquehanna boosted their target price on shares of TKO Group from $229.00 to $230.00 and gave the stock a “positive” rating in a report on Wednesday, December 10th.

TKO Group Trading Down 1.3%

NYSE TKO opened at $199.51 on Monday. TKO Group has a one year low of $133.07 and a one year high of $218.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $38.92 billion, a price-to-earnings ratio of 76.44 and a beta of 0.62. The company’s 50-day simple moving average is $197.97 and its two-hundred day simple moving average is $189.27.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.11). The business had revenue of $1.12 billion during 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%.TKO Group’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Equities analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

TKO Group announced that its board has approved a share buyback plan on Monday, September 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.78 per share. This is a boost from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, December 15th. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is presently 119.54%.

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.01, for a total value of $7,635,074.25. Following the transaction, the director directly owned 122,868 shares of the company’s stock, valued at approximately $25,066,300.68. The trade was a 23.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth D. Krauss sold 9,777 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $207.67, for a total value of $2,030,389.59. Following the transaction, the insider directly owned 7,983 shares in the company, valued at approximately $1,657,829.61. The trade was a 55.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 107,948 shares of company stock valued at $21,817,883 over the last quarter. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi grew its stake in shares of TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company’s stock worth $205,000 after acquiring an additional 1,050 shares during the last quarter. AQR Capital Management LLC boosted its stake in TKO Group by 10.7% in the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after purchasing an additional 696 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TKO Group by 4,722.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares in the last quarter. United Services Automobile Association purchased a new stake in TKO Group during the 1st quarter worth approximately $218,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TKO Group by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 253,467 shares of the company’s stock valued at $38,732,000 after purchasing an additional 15,713 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.