TKO Group (NYSE:TKO) PT Raised to $138.00

TKO Group (NYSE:TKO) had its price target boosted by analysts at The Goldman Sachs Group from $132.00 to $138.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 9.23% from the stock’s previous close.

A number of other research analysts have also issued reports on TKO. JPMorgan Chase & Co. lifted their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Guggenheim lifted their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Pivotal Research assumed coverage on shares of TKO Group in a research note on Friday, September 13th. They set a “buy” rating and a $170.00 target price on the stock. Morgan Stanley lifted their price target on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, UBS Group boosted their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.93.

TKO Group Stock Performance

Shares of TKO Group stock opened at $126.34 on Wednesday. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of -125.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $116.83 and a 200 day moving average of $106.70. TKO Group has a 12 month low of $72.33 and a 12 month high of $126.51.

TKO Group (NYSE:TKO) last announced its quarterly earnings data 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 business had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The company’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, sell-side analysts forecast that TKO Group will post 4.17 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC acquired a new position in shares of TKO Group in the second quarter valued at approximately $36,000. Quarry LP acquired a new position in TKO Group in the 2nd quarter valued at $51,000. GAMMA Investing LLC raised its position in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after buying an additional 408 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of TKO Group in the 4th quarter worth $79,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after acquiring an additional 1,066 shares in the last quarter. 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.