TKO Group Holdings, Inc. (NYSE:TKO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $127.13.

TKO has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Redburn Atlantic started coverage on shares of TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $132.00 price objective on shares of TKO Group in a research report on Thursday, September 12th. Roth Mkm lifted their target price on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Pivotal Research started coverage on TKO Group in a report on Friday, September 13th. They set a “buy” rating and a $170.00 target price for the company.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently modified their holdings of TKO. Vanguard Group Inc. raised its holdings in TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after acquiring an additional 79,166 shares during the period. Ninety One UK Ltd lifted its position in shares of TKO Group by 15.9% during the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after purchasing an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP boosted its stake in TKO Group by 3.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after purchasing an additional 90,868 shares during the period. XN LP grew its holdings in TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after buying an additional 996,161 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after buying an additional 155,940 shares during the period. Institutional investors own 89.79% of the company’s stock.

TKO Group Trading Up 0.0 %

Shares of TKO stock opened at $121.97 on Tuesday. TKO Group has a 1 year low of $72.33 and a 1 year high of $125.49. The stock has a fifty day moving average of $114.39 and a two-hundred day moving average of $104.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $20.77 billion, a PE ratio of -120.76 and a beta of 1.04.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company’s revenue was up 178.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. As a group, research analysts expect that TKO Group will post 4.17 EPS for the current year.

About TKO Group

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.