Guggenheim Increases TKO Group (NYSE:TKO) Price Target to $175.00

TKO Group (NYSE:TKO) had its price objective boosted by Guggenheim from $170.00 to $175.00 in a research note issued to investors on Thursday,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Pivotal Research reissued a “buy” rating and issued a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday. Morgan Stanley raised 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. Finally, The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $151.68 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The business’s fifty day moving average price is $153.16 and its two-hundred day moving average price is $134.89. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $179.09. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of -361.13 and a beta of 1.06.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.00%. TKO Group’s dividend payout ratio is currently -28.57%.

Insider Activity

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel acquired 60,208 shares of TKO Group stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the last quarter. Raymond James & Associates raised its position in shares of TKO Group by 13.5% in the 3rd quarter. Raymond James & Associates now owns 24,421 shares of the company’s stock valued at $3,021,000 after acquiring an additional 2,904 shares during the period. Private Advisor Group LLC bought a new position in TKO Group during the 3rd quarter worth approximately $243,000. International Assets Investment Management LLC grew its holdings in TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in TKO Group by 1,002.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,570 shares of the company’s stock valued at $1,571,000 after purchasing an additional 11,430 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

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.