TKO Group (NYSE:TKO) Price Target Raised to $165.00

TKO Group (NYSE:TKO) had its target price raised by Pivotal Research from $145.00 to $165.00 in a report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

TKO has been the topic of a number of other research reports. Guggenheim lifted their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. UBS Group boosted their price objective on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Roth Mkm boosted their price objective on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective on the stock. Finally, TD Cowen boosted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.43.

TKO Group Stock Performance

Shares of TKO opened at $138.21 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group has a twelve month low of $72.33 and a twelve month high of $139.45. The firm’s 50 day moving average price is $124.27 and its two-hundred day moving average price is $115.45. The firm has a market cap of $23.60 billion, a P/E ratio of -329.07 and a beta of 1.06.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the previous year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. On average, analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 53.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ninety One UK Ltd lifted its holdings 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 worth $439,004,000 after acquiring an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP lifted its holdings in shares of TKO Group by 3.1% in the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after acquiring an additional 90,868 shares during the last quarter. State Street Corp lifted its holdings in shares of TKO Group by 10.4% in the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of TKO Group by 9.5% in the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after acquiring an additional 155,940 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after acquiring an additional 383,869 shares during the last quarter. Institutional investors 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.