TKO Group Holdings, Inc. (NYSE:TKO) Receives $131.00 Average Target Price from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has received an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $131.00.

Several research analysts recently weighed in on the stock. Bank of America started coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target for the company. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Pivotal Research boosted their price target on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Roth Mkm increased their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th.

TKO Group Stock Performance

Shares of TKO stock opened at $119.32 on Wednesday. The company has a market capitalization of $20.36 billion, a P/E ratio of -284.10 and a beta of 1.06. TKO Group has a 12-month low of $72.33 and a 12-month high of $130.95. The business’s 50 day moving average is $121.47 and its two-hundred day moving average is $113.29. 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 (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The company had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group’s revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. Analysts expect that TKO Group will post 1.88 EPS for the current fiscal year.

Insider Activity

In related news, insider Mark S. Shapiro sold 31,026 shares of the firm’s 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 completion of the transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after acquiring an additional 79,166 shares during the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after buying an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP boosted its stake in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after purchasing an additional 90,868 shares during the period. State Street Corp grew its holdings 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 worth $253,966,000 after buying an additional 192,602 shares during the last quarter. Finally, XN LP lifted its holdings in shares of TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 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.