TKO Group Holdings, Inc. (NYSE:TKO) Receives $131.00 Average PT from Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $131.00.

Several equities analysts recently issued reports on the stock. Guggenheim boosted their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group boosted their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Bank of America began coverage on shares of TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price objective on the stock.

TKO Group Stock Performance

Shares of NYSE:TKO opened at $130.91 on Wednesday. The company has a market cap of $22.36 billion, a price-to-earnings ratio of -311.69 and a beta of 1.06. The company has a 50-day moving average price of $122.01 and a 200-day moving average price of $113.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 12 month low of $72.33 and a 12 month high of $130.96.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue was up 51.7% on a year-over-year basis. As a group, equities analysts anticipate that TKO Group will post 3.88 EPS for the current year.

Insider Activity

In other news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKO. XN LP lifted its position in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after purchasing an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after purchasing an additional 961,880 shares during the period. Ninety One UK Ltd lifted its position in TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares during the period. Fairview Capital Investment Management LLC bought a new position in TKO Group during the first quarter valued at approximately $43,999,000. Finally, Allspring Global Investments Holdings LLC lifted its position in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the period. 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.