UBS Group Increases TKO Group (NYSE:TKO) Price Target to $170.00

TKO Group (NYSE:TKO) had its price target upped by analysts at UBS Group from $135.00 to $170.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 19.70% from the company’s current price.

Several other analysts have also weighed in on TKO. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.29.

TKO Group Stock Up 0.1 %

TKO Group stock opened at $142.02 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 52-week low of $75.35 and a 52-week high of $149.40. The firm has a 50 day moving average price of $135.19 and a two-hundred day moving average price of $122.94. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of -338.14 and a beta of 1.07.

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 the consensus estimate of $0.56 by ($0.28). The firm 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 quarter in the previous year, the business posted $0.52 EPS. Equities analysts predict that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell purchased 31,352 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ariel Emanuel purchased 60,208 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the acquisition, the chief executive officer now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. The trade was a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. 53.80% of the stock is owned by insiders.

Institutional Investors Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the period. Coldstream Capital Management Inc. boosted its stake in TKO Group by 3.3% in the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after buying an additional 97 shares in the last quarter. Quent Capital LLC boosted its stake in TKO Group by 17.4% in the third quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after buying an additional 101 shares in the last quarter. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of TKO Group by 6.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company’s stock valued at $263,000 after purchasing an additional 125 shares during the period. 89.79% of the stock is currently owned by institutional investors.

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.