UBS Group Forecasts Strong Price Appreciation for TKO Group (NYSE:TKO) Stock

TKO Group (NYSE:TKO) had its price target raised by stock analysts at UBS Group from $135.00 to $170.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 19.70% from the company’s current price.

Several other brokerages also recently weighed in on TKO. Guggenheim raised their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Roth Mkm raised their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. TD Cowen increased their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Citigroup increased their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Pivotal Research increased their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $139.29.

TKO Group Price Performance

TKO opened at $142.02 on Tuesday. The stock has a fifty day simple moving average of $135.19 and a two-hundred day simple moving average of $122.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.25 billion, a price-to-earnings ratio of -338.14 and a beta of 1.07. TKO Group has a 12-month low of $75.35 and a 12-month high of $149.40.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. TKO Group’s revenue was up 51.7% compared to the same quarter last year. Research analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Activity 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 value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 245,887 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the acquisition, the insider now owns 1,825,030 shares in the company, valued at $259,975,523.50. This represents a 15.57 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 600,647 shares of company stock worth $86,815,728 and sold 65,624 shares worth $9,314,671. 53.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares in the last quarter. Signaturefd LLC raised its holdings in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Quarry LP purchased a new stake in shares of TKO Group during the 2nd quarter worth approximately $51,000. Finally, International Assets Investment Management LLC raised its holdings in shares of TKO Group by 12,275.0% during the 3rd quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after acquiring an additional 491 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.