JPMorgan Chase & Co. Increases TKO Group (NYSE:TKO) Price Target to $158.00

TKO Group (NYSE:TKO) had its price objective hoisted by JPMorgan Chase & Co. from $137.00 to $158.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently weighed in on TKO. The Goldman Sachs Group raised their target price on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America assumed coverage on TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective for the company. Pivotal Research upped their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $133.93.

TKO Group Stock Down 0.4 %

NYSE TKO opened at $142.88 on Thursday. The firm’s 50 day moving average price is $127.94 and its 200-day moving average price is $118.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 52-week low of $74.25 and a 52-week high of $145.69.

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

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on 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 in the company, valued at $4,837,822.56. The trade was a 42.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 53.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TKO Group

A number of hedge funds have recently made changes to their positions in TKO. SG Americas Securities LLC grew its stake in shares of TKO Group by 109.8% in the second quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock valued at $359,000 after buying an additional 1,739 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in TKO Group in the 2nd quarter valued at about $222,000. Envestnet Portfolio Solutions Inc. increased its stake in TKO Group by 10.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock worth $341,000 after purchasing an additional 286 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of TKO Group by 8.9% during the second quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock worth $552,000 after purchasing an additional 419 shares in the last quarter. Finally, Ninety One UK Ltd boosted 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 during the period. Hedge funds and other institutional investors 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.