Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Price Target at $148.08

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $151.58.

Several research analysts recently commented on TKO shares. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. UBS Group raised their price objective on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Morgan Stanley raised their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, The Goldman Sachs Group increased their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

TKO Group Stock Down 3.1 %

TKO Group stock opened at $155.83 on Friday. The firm has a 50 day moving average price of $152.65 and a 200-day moving average price of $134.60. The company has a market capitalization of $26.61 billion, a P/E ratio of -371.02 and a beta of 1.06. TKO Group has a twelve month low of $78.69 and a twelve month high of $179.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Activity

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. This trade represents a 31.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell bought 263,200 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the transaction, the insider now owns 418,587 shares in the company, valued at $61,519,731.39. This trade represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. Norges Bank purchased a new position in TKO Group in the 4th quarter worth $104,613,000. Ameriprise Financial Inc. grew its holdings in TKO Group by 57.3% in the 4th quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock worth $238,574,000 after acquiring an additional 611,178 shares during the last quarter. Steadfast Capital Management LP grew its holdings in TKO Group by 146.9% in the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock worth $101,010,000 after acquiring an additional 422,900 shares during the last quarter. Moore Capital Management LP grew its holdings in TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock worth $59,443,000 after acquiring an additional 394,038 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in TKO Group in the 4th quarter worth $54,778,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.