TKO Group (NYSE:TKO) Receives Hold Rating from Benchmark

Benchmark reissued their hold rating on shares of TKO Group (NYSE:TKO) in a research note issued to investors on Monday morning,Benzinga reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. UBS Group boosted their price target on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Price Performance

Shares of NYSE:TKO opened at $152.58 on Monday. The company’s fifty day moving average is $153.61 and its two-hundred day moving average is $135.88. 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 has a 12-month low of $78.93 and a 12-month high of $179.09. The company has a market cap of $26.06 billion, a P/E ratio of -363.29 and a beta of 1.06.

TKO Group Announces Dividend

The company also recently declared 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. TKO Group’s dividend payout ratio (DPR) is 7,600.00%.

Insider Buying and Selling at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ariel Emanuel purchased 117,769 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now directly owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the fourth quarter valued at about $32,000. Game Plan Financial Advisors LLC raised its position in shares of TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after buying an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of TKO Group during the fourth quarter valued at about $38,000. Finally, UMB Bank n.a. raised its position in shares of TKO Group by 72.8% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.