Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $127.13

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $127.13.

TKO has been the subject of several research reports. UBS Group increased their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group reissued a “buy” rating and set a $132.00 target price on shares of TKO Group in a research report on Thursday, September 12th. Morgan Stanley lifted their price target on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. TD Cowen increased their price objective on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Bank of America started coverage on TKO Group in a research note on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price on the stock.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the transaction, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The disclosure for this sale can be found here. 53.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MFA Wealth Advisors LLC purchased a new position in shares of TKO Group in the second quarter worth about $36,000. Quarry LP purchased a new position in TKO Group in the 2nd quarter worth approximately $51,000. GAMMA Investing LLC lifted its position in TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of TKO Group during the fourth quarter valued at approximately $79,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after purchasing an additional 1,066 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of NYSE TKO opened at $125.00 on Tuesday. The company has a market capitalization of $21.33 billion, a PE ratio of -123.76 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $115.80 and its 200-day moving average price is $105.79. TKO Group has a twelve month low of $72.33 and a twelve month high of $125.49.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The business had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s revenue was up 178.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. On average, equities analysts anticipate that TKO Group will post 4.17 EPS for the current year.

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.