TKO Group Holdings, Inc. (NYSE:TKO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has earned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $136.79.

A number of brokerages recently weighed in on TKO. TD Cowen raised their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th.

TKO Group Stock Down 0.5 %

TKO opened at $141.74 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $24.20 billion, a PE ratio of -337.48 and a beta of 1.07. The stock’s fifty day moving average is $134.17 and its 200-day moving average is $122.56. TKO Group has a one year low of $75.35 and a one year high of $149.40.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the firm posted $0.52 earnings per share. TKO Group’s revenue was up 51.7% compared to the same quarter last year. On average, equities analysts predict that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 600,647 shares of company stock worth $86,815,728 and sold 65,624 shares worth $9,314,671. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in TKO Group by 3.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after buying an additional 97 shares during the last quarter. Quent Capital LLC raised its holdings in TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares during the period. Signaturefd LLC lifted 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 acquiring an additional 109 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in TKO Group by 6.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock valued at $263,000 after acquiring an additional 125 shares during the period. 89.79% of the stock is currently 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.