TKO Group Holdings, Inc. (NYSE:TKO) Receives $148.08 Consensus PT from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $148.08.

TKO has been the subject of several analyst reports. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Pivotal Research upped their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup lifted their target price on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Seaport Res Ptn cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, TD Cowen raised their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

TKO Group Stock Down 3.1 %

Shares of TKO opened at $158.73 on Friday. The stock has a fifty day simple moving average of $152.20 and a two-hundred day simple moving average of $134.02. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $27.10 billion, a PE ratio of -377.92 and a beta of 1.06. TKO Group has a 52-week low of $78.69 and a 52-week high of $179.09.

Insider Activity at TKO Group

In other news, major shareholder Patrick Whitesell acquired 31,352 shares of TKO Group stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $142.03 per share, for a total transaction 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 trade represents a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the business’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 $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently added to or reduced their stakes in TKO. Park Avenue Securities LLC lifted its position in shares of TKO Group by 59.2% during the 4th quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after buying an additional 4,836 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock valued at $3,225,000 after purchasing an additional 16,746 shares during the period. Petrus Trust Company LTA acquired a new position in TKO Group during the third quarter worth approximately $597,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of TKO Group by 1.1% in the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock valued at $154,185,000 after acquiring an additional 13,148 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.