The Goldman Sachs Group Boosts TKO Group (NYSE:TKO) Price Target to $138.00

TKO Group (NYSE:TKO) had its price target increased by The Goldman Sachs Group from $132.00 to $138.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group boosted their price objective on shares of TKO Group from $115.00 to $135.00 and gave the company a buy rating in a research note on Friday, August 9th. Guggenheim upped their price target on TKO Group from $135.00 to $140.00 and gave the stock a buy rating in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $126.00 to $132.00 and gave the company an overweight rating in a research note on Friday, August 9th. TD Cowen increased their target price on shares of TKO Group from $127.00 to $140.00 and gave the stock a buy rating in a research report on Monday, August 12th. Finally, Redburn Atlantic started coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a buy rating and a $129.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $130.93.

TKO Group Price Performance

Shares of NYSE:TKO opened at $127.14 on Wednesday. The business has a fifty day simple moving average of $117.59 and a 200-day simple moving average of $107.16. TKO Group has a 52 week low of $72.33 and a 52 week high of $128.31. The company has a market cap of $21.65 billion, a P/E ratio of -125.88 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The company had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was up 178.9% compared to the same quarter last year. Equities research analysts forecast that TKO Group will post 4.17 EPS for the current year.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at $23,218,499.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nick Khan sold 22,693 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently bought and sold shares of TKO. Vanguard Group Inc. increased its holdings in shares of TKO Group by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after acquiring an additional 1,002,121 shares during the last quarter. XN LP increased its stake in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after purchasing an additional 996,161 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after purchasing an additional 961,880 shares during the period. Ninety One UK Ltd lifted its position in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after buying an additional 557,444 shares during the last quarter. Finally, Fairview Capital Investment Management LLC acquired a new position in shares of TKO Group in the 1st quarter valued at about $43,999,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.