TKO Group (NYSE:TKO) Price Target Raised to $148.00

TKO Group (NYSE:TKO) had its price target raised by Roth Mkm from $146.00 to $148.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on the company. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Bank of America began coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price for the company. Redburn Atlantic began coverage on shares of TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 price target on the stock. Finally, TD Cowen upped their price objective on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group presently has an average rating of “Moderate Buy” and an average target price of $132.21.

TKO Group Stock Performance

Shares of TKO opened at $129.95 on Wednesday. The company has a market capitalization of $22.17 billion, a PE ratio of -135.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50 day moving average price is $120.93 and its 200 day moving average price is $110.03. TKO Group has a 52 week low of $72.33 and a 52 week high of $130.95.

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

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at $23,218,499.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Several large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its position in shares of TKO Group by 33.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,858 shares of the company’s stock valued at $1,620,000 after purchasing an additional 5,000 shares during the period. American International Group Inc. raised its stake in shares of TKO Group by 10.1% in the 4th quarter. American International Group Inc. now owns 81,579 shares of the company’s stock valued at $6,655,000 after buying an additional 7,456 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after acquiring an additional 1,002,121 shares during the period. First Hawaiian Bank acquired a new stake in shares of TKO Group during the 1st quarter valued at about $494,000. Finally, Park Avenue Securities LLC increased its stake in TKO Group by 11.0% in the first quarter. Park Avenue Securities LLC now owns 7,660 shares of the company’s stock valued at $662,000 after acquiring an additional 760 shares during the period. 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.