TKO Group (NYSE:TKO) Given New $170.00 Price Target at Citigroup

TKO Group (NYSE:TKO) had its price target raised by Citigroup from $137.00 to $170.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective 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. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Bank of America started coverage on shares of TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Roth Mkm increased their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.79.

TKO Group Trading Up 0.2 %

NYSE:TKO opened at $147.35 on Tuesday. 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 stock has a market capitalization of $25.16 billion, a PE ratio of -350.83 and a beta of 1.09. The business’s 50-day simple moving average is $129.06 and its 200-day simple moving average is $118.96. TKO Group has a fifty-two week low of $75.35 and a fifty-two week high of $149.40.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. Sell-side analysts expect that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Activity at TKO Group

In related news, CEO Ariel Emanuel purchased 60,208 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $142.45 per share, for a total transaction of $35,026,603.15. Following the purchase, the insider now owns 1,825,030 shares in the company, valued at approximately $259,975,523.50. This trade represents a 15.57 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 337,447 shares of company stock worth $48,133,224 in the last ninety days. 53.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after purchasing an additional 231 shares in the last quarter. Signaturefd LLC increased its stake in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Quarry LP acquired a new stake in TKO Group in the second quarter valued at about $51,000. Finally, International Assets Investment Management LLC boosted its stake in TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after buying an additional 491 shares in 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.