TKO Group (NYSE:TKO) Price Target Raised to $138.00

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

A number of other brokerages have also issued reports on TKO. Redburn Atlantic began coverage on shares of TKO Group in a research report on Thursday, July 18th. They issued a buy rating and a $129.00 target price for the company. Morgan Stanley increased their price objective on shares of TKO Group from $115.00 to $118.00 and gave the company an equal weight rating in a report on Friday, August 9th. UBS Group boosted their target price on TKO Group from $115.00 to $135.00 and gave the stock a buy rating in a report on Friday, August 9th. Pivotal Research started coverage on TKO Group in a research note on Friday, September 13th. They set a buy rating and a $170.00 price target for the company. Finally, TD Cowen boosted their price objective on TKO Group from $127.00 to $140.00 and gave the stock a buy rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $130.93.

TKO Group Price Performance

Shares of NYSE:TKO opened at $127.14 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $117.59 and its two-hundred day moving average is $107.16. The firm has a market capitalization of $21.65 billion, a P/E ratio of -125.88 and a beta of 1.04. TKO Group has a 52 week low of $72.33 and a 52 week high of $128.31.

TKO Group (NYSE:TKO) last announced 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). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 178.9% on a year-over-year basis. Analysts anticipate that TKO Group will post 4.17 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TKO. Handelsbanken Fonder AB boosted its stake in shares of TKO Group by 33.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,237 shares of the company’s stock valued at $1,761,000 after buying an additional 3,600 shares during the period. Quent Capital LLC boosted its position in TKO Group by 17.4% during the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock valued at $84,000 after purchasing an additional 101 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in TKO Group by 499.8% in the third quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after purchasing an additional 4,998 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of TKO Group during the 2nd quarter worth about $524,000. Finally, Clearbridge Investments LLC raised its stake in shares of TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after purchasing an additional 155,940 shares in the last quarter. Institutional investors and hedge funds 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.