TKO Group (NYSE:TKO) Price Target Raised to $175.00

TKO Group (NYSE:TKO) had its target price boosted by investment analysts at Guggenheim from $170.00 to $175.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price objective points to a potential upside of 18.85% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Morgan Stanley increased their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday. The Goldman Sachs Group raised their target price on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Citigroup raised their price objective on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

TKO Group Stock Down 7.7 %

Shares of TKO Group stock traded down $12.31 on Thursday, reaching $147.24. 1,326,678 shares of the company were exchanged, compared to its average volume of 1,115,221. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of -349.90 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. TKO Group has a one year low of $78.69 and a one year high of $179.09. The company has a 50-day moving average of $153.00 and a 200 day moving average of $134.78.

Insider Activity at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell bought 156,446 shares of TKO Group stock in a transaction on Tuesday, February 11th. The shares were purchased at an average price of $175.60 per share, with a total value of $27,471,917.60. Following the acquisition, the insider now owns 2,461,668 shares in the company, valued at $432,268,900.80. This trade represents a 6.79 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel bought 117,769 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the transaction, the chief executive officer now owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

Hedge Funds Weigh In On TKO Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of TKO Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after purchasing an additional 114,096 shares during the last quarter. Ninety One UK Ltd increased its position in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after acquiring an additional 163,980 shares during the period. Independent Franchise Partners LLP increased its position in TKO Group by 7.4% in the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock valued at $484,473,000 after acquiring an additional 235,420 shares during the period. State Street Corp raised its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 2.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock worth $249,047,000 after purchasing an additional 47,768 shares during the period. 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.