TKO Group (NYSE:TKO) Price Target Raised to $188.00

TKO Group (NYSE:TKO) had its target price increased by The Goldman Sachs Group from $170.00 to $188.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on TKO. Pivotal Research restated a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Susquehanna assumed coverage on shares of TKO Group in a research note on Monday, April 28th. They issued a “positive” rating and a $180.00 price target on the stock. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Benchmark restated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Morgan Stanley raised 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, February 24th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.25.

TKO Group Trading Down 1.6%

Shares of TKO Group stock opened at $161.84 on Monday. The company has a market capitalization of $27.70 billion, a price-to-earnings ratio of -385.33 and a beta of 0.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 12-month low of $100.76 and a 12-month high of $179.09. The firm’s 50-day moving average price is $152.34 and its two-hundred day moving average price is $146.68.

TKO Group (NYSE:TKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company posted ($1.26) EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts forecast that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.94%. TKO Group’s payout ratio is 77.16%.

Insiders Place Their Bets

In other news, Director Sonya E. Medina purchased 233 shares of the stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Kraft purchased 20,000 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $151.78 per share, with a total value of $3,035,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $3,035,600. The trade was a ? increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 23,733 shares of company stock worth $3,561,318. 61.30% of the stock is currently owned by insiders.

Institutional Trading of TKO Group

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of TKO Group by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,289 shares of the company’s stock valued at $66,691,000 after acquiring an additional 16,536 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TKO Group by 21.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,953 shares of the company’s stock valued at $2,836,000 after purchasing an additional 3,572 shares during the period. Twin Tree Management LP grew its position in TKO Group by 147.0% in the 4th quarter. Twin Tree Management LP now owns 123,713 shares of the company’s stock valued at $17,581,000 after purchasing an additional 73,617 shares during the period. Park Avenue Securities LLC grew its position in TKO Group by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after purchasing an additional 4,836 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new stake in TKO Group in the 4th quarter valued at $431,000. 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.