TKO Group (NYSE:TKO) Price Target Raised to $170.00 at UBS Group

TKO Group (NYSE:TKO) had its price target lifted by UBS Group from $135.00 to $170.00 in a report published on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on TKO. Pivotal Research boosted their price objective on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm boosted their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen upped their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $139.29.

TKO Group Trading Up 0.1 %

Shares of TKO opened at $142.02 on Tuesday. The company’s fifty day simple moving average is $135.70 and its 200-day simple moving average is $123.07. The company has a market cap of $24.25 billion, a P/E ratio of -338.14 and a beta of 1.07. 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 twelve month low of $75.35 and a twelve month high of $149.40.

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

Insider Buying and Selling at TKO Group

In other news, CEO Ariel Emanuel bought 60,208 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 31,352 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. Insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC grew its stake in TKO Group by 19.1% during the 2nd quarter. Natixis Advisors LLC now owns 12,929 shares of the company’s stock worth $1,396,000 after buying an additional 2,069 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of TKO Group during the second quarter worth about $249,000. Arizona State Retirement System increased its holdings in shares of TKO Group by 15.0% during the second quarter. Arizona State Retirement System now owns 20,741 shares of the company’s stock valued at $2,240,000 after acquiring an additional 2,699 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of TKO Group in the 2nd quarter valued at approximately $256,000. Finally, Choreo LLC acquired a new stake in TKO Group in the 2nd quarter worth approximately $554,000. 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.