TKO Group Holdings, Inc. (NYSE:TKO) Receives $141.21 Average Price Target from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $144.77.

TKO has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Citigroup lifted their target price 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 research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, UBS Group lifted their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th.

Insider Buying and Selling

In other TKO Group news, major shareholder Patrick Whitesell acquired 263,200 shares of TKO Group stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,524,470 shares of company stock worth $225,807,760 and have sold 71,457 shares worth $10,153,456. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in TKO Group by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock valued at $48,402,000 after buying an additional 94,944 shares during the last quarter. Bank of Montreal Can increased its stake in TKO Group by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after buying an additional 184 shares during the last quarter. AQR Capital Management LLC acquired a new stake in TKO Group in the 2nd quarter valued at $232,000. Darlington Partners Capital Management LP increased its stake in TKO Group by 3.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after buying an additional 90,868 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in TKO Group by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,653 shares of the company’s stock valued at $5,902,000 after buying an additional 861 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Down 1.6 %

Shares of NYSE TKO opened at $155.03 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group has a 1 year low of $78.69 and a 1 year high of $159.72. The company has a 50 day simple moving average of $143.75 and a 200 day simple moving average of $127.66. The firm has a market cap of $26.47 billion, a PE ratio of -369.12 and a beta of 1.07.

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

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.