TKO Group Holdings, Inc. (NYSE:TKO) Receives $132.43 Consensus Target Price from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com 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 $132.43.

Several analysts recently commented on TKO shares. The Goldman Sachs Group raised their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price target on the stock. Roth Mkm lifted their price target on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Guggenheim lifted their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th.

Insider Buying and Selling

In other news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TKO. GAMMA Investing LLC grew its holdings in shares of TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of TKO Group by 5.8% during the second quarter. Park Avenue Securities LLC now owns 8,108 shares of the company’s stock valued at $876,000 after buying an additional 448 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of TKO Group by 109.8% during the second quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock valued at $359,000 after buying an additional 1,739 shares in the last quarter. Alhambra Investment Management LLC purchased a new position in shares of TKO Group during the second quarter valued at $216,000. Finally, Diversified Trust Co purchased a new position in TKO Group in the second quarter valued at about $5,124,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Up 0.9 %

TKO opened at $141.00 on Friday. TKO Group has a 12 month low of $72.34 and a 12 month high of $145.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $24.08 billion, a P/E ratio of -335.71 and a beta of 1.09. The stock’s 50 day moving average price is $127.25 and its 200 day moving average price is $117.70.

TKO Group (NYSE:TKO) last posted its earnings results 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 business had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s revenue was up 51.7% compared to the same quarter last year. As a group, research analysts predict that TKO Group will post 3.88 earnings per share for the current year.

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.