Jefferies Financial Group Increases TKO Group (NYSE:TKO) Price Target to $131.00

TKO Group (NYSE:TKO) had its price objective raised by Jefferies Financial Group from $120.00 to $131.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

TKO has been the subject of a number of other research reports. Morgan Stanley began coverage on shares of TKO Group in a research note on Wednesday, February 14th. They issued an equal weight rating and a $95.00 price target for the company. Moffett Nathanson assumed coverage on shares of TKO Group in a research report on Monday, January 29th. They issued a neutral rating and a $95.00 price objective on the stock. TD Cowen assumed coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a market perform rating and a $92.00 price objective on the stock. Bank of America assumed coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a buy rating and a $100.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of TKO Group in a research report on Thursday, March 7th. They issued a buy rating and a $102.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group has an average rating of Moderate Buy and an average price target of $108.31.

TKO Group Stock Performance

Shares of TKO opened at $97.63 on Friday. TKO Group has a 12 month low of $72.33 and a 12 month high of $106.16. The firm has a fifty day simple moving average of $86.56 and a 200 day simple moving average of $82.32. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 143.57 and a beta of 1.06. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. Research analysts forecast that TKO Group will post 2.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new stake in shares of TKO Group in the 3rd quarter valued at $27,000. National Bank of Canada FI bought a new stake in shares of TKO Group in the 3rd quarter valued at $882,000. FNY Investment Advisers LLC bought a new stake in shares of TKO Group in the 3rd quarter valued at $84,000. MJP Associates Inc. ADV bought a new stake in shares of TKO Group in the 3rd quarter valued at $605,000. Finally, CWM LLC bought a new stake in shares of TKO Group in the 3rd quarter valued at $65,000. 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.