TKO Group Holdings, Inc. (NYSE:TKO) Receives $141.21 Average PT from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $144.77.

TKO has been the topic of several recent research reports. The Goldman Sachs Group upped 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. UBS Group increased their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research increased their target price on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, TD Cowen increased their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th.

TKO Group Price Performance

NYSE:TKO opened at $156.81 on Monday. TKO Group has a one year low of $78.69 and a one year high of $159.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $26.78 billion, a price-to-earnings ratio of -373.36 and a beta of 1.07. The firm’s fifty day moving average is $142.95 and its two-hundred day moving average is $126.81.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS 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 business had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the company posted $0.52 earnings per share. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. Research analysts expect that TKO Group will post 3.88 EPS for the current year.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell acquired 31,352 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark S. Shapiro sold 31,666 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $4,494,672.04. Following the completion of the sale, the insider now owns 73,677 shares of the company’s stock, valued at approximately $10,457,713.38. The trade was a 30.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,265,894 shares of company stock valued at $185,095,692 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in shares of TKO Group by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock worth $2,629,000 after buying an additional 100 shares during the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $313,000. Choreo LLC increased its holdings in shares of TKO Group by 32.3% during the 4th quarter. Choreo LLC now owns 8,014 shares of the company’s stock worth $1,149,000 after buying an additional 1,957 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of TKO Group by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 80,911 shares of the company’s stock worth $11,498,000 after purchasing an additional 204 shares during the period. Finally, Ninety One SA PTY Ltd boosted its position in shares of TKO Group by 9.7% during the 4th quarter. Ninety One SA PTY Ltd now owns 69,116 shares of the company’s stock worth $9,822,000 after purchasing an additional 6,089 shares during the period. Institutional investors and hedge funds 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.