Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $157.00

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $157.00.

A number of research firms recently issued reports on TKO. Morgan Stanley lifted their price target on TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Citigroup boosted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. UBS Group boosted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Pivotal Research restated a “buy” rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th.

Insider Transactions at TKO Group

In related news, CAO Shane Kapral sold 1,034 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 $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % 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, Director Sonya E. Medina acquired 233 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,921,383 shares of company stock worth $304,417,051 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position 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 purchasing an additional 858 shares during the period. Jefferies Financial Group Inc. acquired a new stake in TKO Group in the fourth quarter valued at about $500,000. Toronto Dominion Bank acquired a new stake in TKO Group in the fourth quarter valued at about $1,258,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of TKO Group during the fourth quarter valued at about $1,360,000. Finally, Josh Arnold Investment Consultant LLC acquired a new stake in shares of TKO Group during the fourth quarter valued at about $2,167,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.4 %

Shares of NYSE TKO opened at $150.45 on Tuesday. The business has a fifty day moving average of $154.14 and a two-hundred day moving average of $137.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group has a 52-week low of $84.88 and a 52-week high of $179.09. The stock has a market cap of $25.75 billion, a PE ratio of -358.20 and a beta of 1.08.

TKO Group Dividend Announcement

The business 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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 14th. TKO Group’s dividend payout ratio is currently 7,600.00%.

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.