TKO Group (NYSE:TKO) Price Target Raised to $145.00

TKO Group (NYSE:TKO) had its price objective upped by Pivotal Research from $140.00 to $145.00 in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. UBS Group increased their target price on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Redburn Atlantic assumed coverage on shares of TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and an average target price of $131.00.

TKO Group Stock Performance

TKO Group stock opened at $120.18 on Thursday. The firm has a 50 day simple moving average of $121.38 and a 200-day simple moving average of $112.77. TKO Group has a 1-year low of $72.33 and a 1-year high of $130.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.99. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of -286.14 and a beta of 1.06.

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 analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. On average, analysts expect that TKO Group will post 1.88 EPS for the current year.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in 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 purchasing an additional 89 shares during the last quarter. First Horizon Advisors Inc. grew its position in 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 purchasing an additional 231 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in TKO Group during the 2nd quarter worth $36,000. Signaturefd LLC grew its position in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of TKO Group in the second quarter valued at about $51,000. 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.