TKO Group Holdings, Inc. (NYSE:TKO) Given Average Recommendation of “Moderate Buy” by Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $131.00.

A number of research analysts recently weighed in on TKO shares. TD Cowen lifted their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th.

TKO Group Price Performance

TKO stock opened at $119.24 on Wednesday. The stock’s 50 day moving average price is $121.47 and its 200 day moving average price is $113.55. The firm has a market cap of $20.35 billion, a P/E ratio of -283.90 and a beta of 1.06. 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 1 year low of $72.33 and a 1 year high of $130.95.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. On average, sell-side analysts expect that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in TKO Group by 31.3% in the first quarter. Janney Montgomery Scott LLC now owns 9,097 shares of the company’s stock worth $786,000 after purchasing an additional 2,167 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in TKO Group in the first quarter worth approximately $262,000. Sei Investments Co. increased its holdings in shares of TKO Group by 9.9% in the first quarter. Sei Investments Co. now owns 206,369 shares of the company’s stock valued at $17,832,000 after buying an additional 18,643 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of TKO Group by 29.8% during the 1st quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock valued at $9,843,000 after acquiring an additional 26,168 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of TKO Group by 23.8% during the 1st quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock worth $127,320,000 after acquiring an additional 283,731 shares in the last quarter. Institutional investors 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.