TKO Group (NYSE:TKO) Given New $138.00 Price Target at The Goldman Sachs Group

TKO Group (NYSE:TKO) had its target price upped by The Goldman Sachs Group from $132.00 to $138.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 11.34% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Bank of America began coverage on shares of TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective for the company. Redburn Atlantic assumed coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective for the company. Morgan Stanley upped their target price on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. TD Cowen upped their target price on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.87.

TKO Group Stock Up 1.4 %

TKO stock traded up $1.68 during trading on Wednesday, reaching $123.94. The stock had a trading volume of 237,057 shares, compared to its average volume of 1,077,110. TKO Group has a 1-year low of $72.33 and a 1-year high of $125.49. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $21.11 billion, a P/E ratio of -122.51 and a beta of 1.04. The firm has a fifty day moving average price of $116.49 and a 200 day moving average price of $106.57.

TKO Group (NYSE:TKO) last issued its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. On average, equities analysts anticipate that TKO Group will post 4.17 earnings per share for the current year.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The disclosure for this sale can be found here. 53.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MFA Wealth Advisors LLC acquired a new position in shares of TKO Group during the 2nd quarter worth $36,000. Quarry LP acquired a new position in TKO Group in the 2nd quarter valued at $51,000. GAMMA Investing LLC grew its stake in TKO Group by 388.6% in the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares during the last quarter. Scarborough Advisors LLC acquired a new position in TKO Group in the 4th quarter valued at $79,000. Finally, Sunbelt Securities Inc. grew its stake in TKO Group by 1,384.4% in the 1st quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock valued at $99,000 after buying an additional 1,066 shares during the last quarter. Institutional investors and hedge funds 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.