Morgan Stanley Issues Positive Forecast for TKO Group (NYSE:TKO) Stock Price

TKO Group (NYSE:TKO) had its price objective lifted by Morgan Stanley from $128.00 to $160.00 in a research report report published on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Pivotal Research upped their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, Citigroup boosted their price objective on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.58.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $161.00 on Monday. The business has a 50-day moving average of $152.48 and a two-hundred day moving average of $134.33. The firm has a market capitalization of $27.49 billion, a PE ratio of -383.33 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group has a 12 month low of $78.69 and a 12 month high of $179.09.

Insider Activity

In related news, major shareholder Patrick Whitesell bought 156,446 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now owns 2,461,668 shares in the company, valued at $432,268,900.80. This trade represents a 6.79 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel purchased 60,208 shares of TKO Group stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the transaction, 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. In the last three months, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Blue Trust Inc. grew its position in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of TKO Group during the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. increased its position in TKO Group by 491.5% in the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the period. Finally, Game Plan Financial Advisors LLC increased its holdings in shares of TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

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.