TKO Group Holdings, Inc. (NYSE:TKO) Receives $131.00 Average PT from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $131.00.

TKO has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Pivotal Research boosted their price objective on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th.

TKO Group Trading Up 1.3 %

Shares of TKO stock opened at $119.32 on Wednesday. The company has a market capitalization of $20.36 billion, a price-to-earnings ratio of -284.10 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $121.47 and a 200 day moving average price of $113.29. TKO Group has a twelve month low of $72.33 and a twelve month high of $130.95.

TKO Group (NYSE:TKO) last announced its quarterly earnings data 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). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the company posted $0.52 EPS. The business’s quarterly revenue was up 51.7% on a year-over-year basis. Research analysts forecast that TKO Group will post 1.88 earnings per share for the current fiscal year.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 53.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently modified their holdings of the business. XN LP increased its position in TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after buying an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 267.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after purchasing an additional 961,880 shares during the last quarter. Ninety One UK Ltd lifted its position in TKO Group by 15.9% in the 2nd 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 last quarter. Fairview Capital Investment Management LLC bought a new position in TKO Group in the 1st quarter worth about $43,999,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the period. 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.