Guggenheim Increases TKO Group (NYSE:TKO) Price Target to $175.00

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

Several other research analysts have also recently issued reports on the stock. Morgan Stanley lifted their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Pivotal Research restated a “buy” rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday. The Goldman Sachs Group increased their target price on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Seaport Res Ptn cut TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Citigroup upped their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

TKO Group Price Performance

Shares of NYSE:TKO opened at $150.53 on Thursday. The company has a market capitalization of $25.71 billion, a PE ratio of -358.40 and a beta of 1.06. The business has a fifty day moving average price of $153.30 and a 200-day moving average price of $135.11. TKO Group has a 1-year low of $78.69 and a 1-year high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

Insider Activity

In other news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Patrick Whitesell bought 31,352 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $142.03 per share, for a total transaction of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares in the company, valued at $237,803,953.66. This trade represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TKO. Vanguard Group Inc. raised its stake in TKO Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock worth $949,449,000 after acquiring an additional 114,096 shares during the period. Ninety One UK Ltd increased its stake in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock worth $589,985,000 after purchasing an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of TKO Group by 7.4% during the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company’s stock valued at $484,473,000 after purchasing an additional 235,420 shares during the period. State Street Corp lifted its stake in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of TKO Group by 2.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock valued at $249,047,000 after buying an additional 47,768 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other 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.