Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) PT at $148.08

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $157.00.

Several brokerages recently commented on TKO. Seaport Res Ptn cut TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Guggenheim lifted their price objective on TKO Group from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Citigroup lifted their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Insider Buying and Selling at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the transaction, the chief financial officer now directly owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was purchased at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the acquisition, the insider now owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several large investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. acquired a new stake in shares of TKO Group during the 4th quarter worth $500,000. Toronto Dominion Bank bought a new stake in shares of TKO Group during the 4th quarter worth $1,258,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of TKO Group during the 4th quarter worth $1,360,000. Josh Arnold Investment Consultant LLC bought a new stake in shares of TKO Group during the 4th quarter worth $2,167,000. Finally, Neo Ivy Capital Management bought a new stake in shares of TKO Group during the 4th quarter worth $309,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Down 4.9 %

Shares of TKO Group stock opened at $151.68 on Friday. The company’s fifty day simple moving average is $153.16 and its 200-day simple moving average is $134.89. The company has a market cap of $25.90 billion, a price-to-earnings ratio of -361.13 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 1 year low of $78.69 and a 1 year high of $179.09.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 14th. TKO Group’s payout ratio 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.