TKO Group (NYSE:TKO) Price Target Raised to $165.00

TKO Group (NYSE:TKO) had its target price lifted by The Goldman Sachs Group from $142.00 to $165.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the company. Citigroup upped their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. 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 report on Tuesday, October 29th. Pivotal Research boosted their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Roth Mkm lifted their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $141.21.

TKO Group Price Performance

NYSE TKO opened at $153.06 on Friday. The company’s 50 day simple moving average is $141.35 and its 200 day simple moving average is $125.96. 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 firm has a market capitalization of $26.14 billion, a PE ratio of -364.44 and a beta of 1.07. TKO Group has a 12 month low of $78.69 and a 12 month high of $154.25.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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). The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. As a group, equities research analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Activity

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the acquisition, the insider now directly owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 950,664 shares of company stock worth $137,096,831 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after buying an additional 383,869 shares during the period. Allspring Global Investments Holdings LLC boosted its position in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after purchasing an additional 362,460 shares during the period. State Street Corp increased its holdings in shares of TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after purchasing an additional 192,602 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after buying an additional 155,940 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TKO Group by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock worth $48,402,000 after buying an additional 94,944 shares during the period. 89.79% of the stock is owned by institutional investors.

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.