UBS Group Issues Positive Forecast for TKO Group (NYSE:TKO) Stock Price

TKO Group (NYSE:TKO) had its price target lifted by UBS Group from $135.00 to $170.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm raised their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, TD Cowen boosted 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. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.29.

TKO Group Price Performance

Shares of NYSE TKO opened at $141.77 on Tuesday. The stock has a market cap of $24.21 billion, a P/E ratio of -337.55 and a beta of 1.07. The firm’s 50-day simple moving average is $134.69 and its 200 day simple moving average is $122.81. TKO Group has a fifty-two week low of $75.35 and a fifty-two week high of $149.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Insiders Place Their Bets

In other news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction 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 directly owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the purchase, the insider now directly owns 418,587 shares of the company’s stock, valued at $61,519,731.39. The trade was a 169.38 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 600,647 shares of company stock worth $86,815,728 and sold 65,624 shares worth $9,314,671. Corporate insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently made changes to their positions in TKO. Darlington Partners Capital Management LP lifted its stake in TKO Group by 3.1% in the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after acquiring an additional 90,868 shares during the last quarter. State Street Corp raised its holdings in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after purchasing an additional 192,602 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after buying an additional 13,148 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.