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

TKO Group Holdings, Inc. (NYSE:TKO) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $157.00.

Several analysts recently weighed in on TKO shares. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Pivotal Research reiterated a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Guggenheim lifted their price objective on shares of TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th.

TKO Group Trading Down 0.4 %

Shares of NYSE:TKO opened at $149.77 on Tuesday. The company has a market cap of $25.64 billion, a PE ratio of -356.59 and a beta of 1.08. The company’s 50-day moving average price is $154.33 and its 200 day moving average price is $138.18. TKO Group has a fifty-two week low of $84.88 and a fifty-two week high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.38 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. TKO Group’s dividend payout ratio is currently 7,600.00%.

Insider Transactions at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the firm’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 transaction, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 1,921,383 shares of company stock valued at $304,417,051 and have sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TKO Group by 42.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,888 shares of the company’s stock worth $410,000 after buying an additional 858 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of TKO Group in the fourth quarter worth about $500,000. Toronto Dominion Bank acquired a new stake in shares of TKO Group during the fourth quarter worth approximately $1,258,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of TKO Group during the fourth quarter worth approximately $1,360,000. Finally, Josh Arnold Investment Consultant LLC acquired a new stake in shares of TKO Group during the fourth quarter worth approximately $2,167,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.