TKO Group Holdings, Inc. (NYSE:TKO) Receives $141.21 Average PT from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $144.77.

A number of equities analysts have recently issued reports on the company. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.

Insider Activity at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. This represents a 43.65 % decrease 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, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,265,894 shares of company stock worth $185,095,692 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On TKO Group

Large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of TKO Group during the fourth quarter worth $32,000. First Horizon Advisors Inc. increased its position in shares of TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. increased its position in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock valued at $39,000 after acquiring an additional 115 shares during the period. Finally, Signaturefd LLC increased its position in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after acquiring an additional 109 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Stock Down 1.0 %

Shares of NYSE:TKO opened at $156.81 on Monday. TKO Group has a 52-week low of $78.69 and a 52-week high of $159.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $26.78 billion, a P/E ratio of -373.36 and a beta of 1.07. The stock has a 50 day moving average price of $142.95 and a 200-day moving average price of $126.81.

TKO Group (NYSE:TKO) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the business earned $0.52 EPS. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. As a group, equities research analysts anticipate that TKO Group will post 3.88 EPS for the current fiscal year.

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.