Shares of TKO Group Holdings, Inc. (NYSE:TKO – Get Free Report) have been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $237.50.
Several research analysts recently weighed in on TKO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Sanford C. Bernstein raised their price objective on shares of TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Morgan Stanley lifted their target price on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, BTIG Research reissued a “buy” rating and set a $237.00 price target on shares of TKO Group in a report on Tuesday, August 4th.
Get Our Latest Report on TKO Group
TKO Group Trading Down 1.1%
TKO Group (NYSE:TKO – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%.TKO Group’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. Equities research analysts predict that TKO Group will post 5.18 earnings per share for the current year.
TKO Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th. TKO Group’s dividend payout ratio is presently 110.88%.
Insiders Place Their Bets
In other TKO Group news, CFO Andrew M. Schleimer sold 9,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the sale, the chief financial officer directly owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. This trade represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark S. Shapiro sold 19,120 shares of TKO Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $3,716,736.80. Following the sale, the insider directly owned 147,071 shares in the company, valued at approximately $28,589,131.69. This trade represents a 11.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 120,404 shares of company stock worth $23,073,938 in the last 90 days. 64.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On TKO Group
Several hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. lifted its stake in TKO Group by 5.8% in the 2nd quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after purchasing an additional 155 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of TKO Group by 26.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after purchasing an additional 590 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of TKO Group by 19.5% in the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock valued at $399,000 after purchasing an additional 324 shares in the last quarter. NewEdge Advisors LLC grew its holdings in TKO Group by 12.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock valued at $481,000 after buying an additional 265 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of TKO Group by 1.9% in the 2nd quarter. IFP Advisors Inc now owns 8,699 shares of the company’s stock worth $1,751,000 after acquiring an additional 163 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.
TKO Group Company Profile
TKO Group Holdings, Inc is a sports and entertainment company formed in 2023 through the combination of Endeavor Group Holdings’ Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) businesses. The company operates two globally recognized sports properties, producing live events and distributing related programming through television, streaming, digital media and other platforms.
UFC is a mixed martial arts organization that promotes events, develops athletes and licenses media rights, sponsorships, merchandise and other commercial products.
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