JPMorgan Chase & Co. Increases TKO Group (NYSE:TKO) Price Target to $158.00

TKO Group (NYSE:TKO) had its target price hoisted by analysts at JPMorgan Chase & Co. from $137.00 to $158.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.30% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Guggenheim upped their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Bank of America started coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target for the company. TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Roth Mkm upped their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Pivotal Research upped their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.93.

TKO Group Trading Down 1.0 %

Shares of NYSE TKO opened at $141.96 on Thursday. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of -338.00 and a beta of 1.09. The business has a 50 day simple moving average of $128.24 and a 200 day simple moving average of $118.28. TKO Group has a 52 week low of $74.25 and a 52 week high of $145.69. 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 (NYSE:TKO) last announced its 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 for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. On average, research analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell bought 31,352 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel bought 60,208 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the acquisition, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 337,447 shares of company stock worth $48,133,224 over the last three months. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in TKO Group by 109.8% in the second quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock valued at $359,000 after acquiring an additional 1,739 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in TKO Group in the second quarter valued at about $222,000. Envestnet Portfolio Solutions Inc. boosted its holdings in TKO Group by 10.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock valued at $341,000 after acquiring an additional 286 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in TKO Group by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock valued at $552,000 after acquiring an additional 419 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in TKO Group by 15.9% in the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after acquiring an additional 557,444 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.