Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Price Target at $132.21

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $132.21.

A number of brokerages have recently weighed in on TKO. Guggenheim lifted their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Bank of America began coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. UBS Group raised their target price on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their price target on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Morgan Stanley raised their price objective on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th.

TKO Group Trading Down 0.8 %

Shares of TKO opened at $128.84 on Friday. The firm has a fifty day simple moving average of $121.11 and a two-hundred day simple moving average of $110.55. TKO Group has a twelve month low of $72.33 and a twelve month high of $130.95. The stock has a market capitalization of $21.99 billion, a P/E ratio of -134.21 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its earnings results 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 firm had revenue of $851.20 million for the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, research analysts anticipate that TKO Group will post 4.17 EPS for the current year.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 the stock. Blue Trust Inc. lifted its stake in shares of TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the period. Quent Capital LLC boosted its stake in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares during the last quarter. Bank of Montreal Can grew its position in shares of TKO Group by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after acquiring an additional 184 shares during the period. Truist Financial Corp grew its position in shares of TKO Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock valued at $570,000 after acquiring an additional 248 shares during the period. Finally, Sumitomo Life Insurance Co. raised its holdings in TKO Group by 2.7% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,351 shares of the company’s stock worth $1,157,000 after purchasing an additional 250 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.