TKO Group (NYSE:TKO) Reaches New 12-Month High – Still a Buy?

Shares of TKO Group Holdings, Inc. (NYSE:TKO) reached a new 52-week high during trading on Tuesday . The company traded as high as $174.60 and last traded at $173.39, with a volume of 1999349 shares changing hands. The stock had previously closed at $166.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. TD Cowen raised their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research raised their price objective on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.08.

TKO Group Stock Performance

The business has a fifty day moving average of $146.82 and a 200 day moving average of $130.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell acquired 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares in the company, valued at approximately $237,803,953.66. The trade was a 1.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel bought 60,208 shares of TKO Group stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,107,826 shares of company stock worth $319,543,341 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by company insiders.

Institutional Trading of TKO Group

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Blue Trust Inc. lifted its position in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in TKO Group during the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its holdings in TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC increased its position in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares during the period. 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.