TKO Group (NYSE:TKO) Stock Price Expected to Rise, Guggenheim Analyst Says

TKO Group (NYSE:TKO) had its price target upped by research analysts at Guggenheim from $170.00 to $175.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 16.26% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Citigroup increased 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. Morgan Stanley increased their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Seaport Res Ptn downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Price Performance

TKO opened at $150.53 on Thursday. The stock has a market capitalization of $25.71 billion, a P/E ratio of -358.40 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 12-month low of $78.69 and a 12-month high of $179.09. The stock has a 50-day moving average price of $153.30 and a 200-day moving average price of $135.11.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell acquired 156,446 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were acquired at an average cost of $175.60 per share, with a total value of $27,471,917.60. Following the transaction, the insider now owns 2,461,668 shares in the company, valued at $432,268,900.80. The trade was a 6.79 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. This trade represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in TKO. Smartleaf Asset Management LLC raised its holdings in TKO Group by 559.3% in 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 in the last quarter. Blue Trust Inc. increased its stake in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in TKO Group during the 4th quarter valued at about $32,000. First Horizon Advisors Inc. boosted its stake in 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 acquiring an additional 231 shares in the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after acquiring an additional 155 shares in the last quarter. 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.