TKO Group (NYSE:TKO) PT Raised to $140.00

TKO Group (NYSE:TKO) had its price target hoisted by TD Cowen from $127.00 to $140.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

TKO has been the subject of a number of other research reports. Morgan Stanley lifted their target price on shares of TKO Group from $115.00 to $118.00 and gave the company an equal weight rating in a research note on Friday. Redburn Atlantic began coverage on TKO Group in a research report on Thursday, July 18th. They set a buy rating and a $129.00 price objective for the company. UBS Group raised their price target on TKO Group from $115.00 to $135.00 and gave the stock a buy rating in a research note on Friday. Roth Mkm boosted their price target on TKO Group from $121.00 to $130.00 and gave the company a buy rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on TKO Group from $126.00 to $132.00 and gave the stock an overweight rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $119.07.

TKO Group Stock Performance

Shares of TKO stock opened at $120.00 on Monday. The stock’s fifty day simple moving average is $108.48 and its 200-day simple moving average is $97.80. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of -118.81 and a beta of 1.04. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group has a 1-year low of $72.33 and a 1-year high of $120.08.

TKO Group (NYSE:TKO) last released its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). The business had revenue of $851.20 million for the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The company’s revenue was up 178.9% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. On average, sell-side analysts predict that TKO Group will post 4.03 earnings per share for the current fiscal year.

Insider Transactions at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 53.80% of the stock is owned by corporate insiders.

Institutional Trading of TKO Group

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in TKO Group by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. XN LP lifted its stake in shares of TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after buying an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA grew its position in 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 buying an additional 961,880 shares in the last quarter. TD Asset Management Inc raised its holdings in TKO Group by 215.3% in the 4th quarter. TD Asset Management Inc now owns 1,189,704 shares of the company’s stock valued at $97,056,000 after acquiring an additional 812,336 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of TKO Group by 15.9% in the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

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.