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

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

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Pivotal Research upped their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Guggenheim lifted their price target on shares of TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lifted 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $139.29.

TKO Group Stock Up 0.1 %

Shares of TKO Group stock opened at $142.02 on Tuesday. The company has a quick ratio of 1.17, a current 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. The company has a market cap of $24.25 billion, a price-to-earnings ratio of -338.14 and a beta of 1.07. The company’s 50 day moving average is $135.70 and its 200 day moving average is $123.07.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 in the previous year, the company earned $0.52 earnings per share. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. Research analysts anticipate that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $146.97 per share, for a total transaction of $38,682,504.00. Following the purchase, the insider now owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 600,647 shares of company stock valued at $86,815,728 and have sold 65,624 shares valued at $9,314,671. 53.80% of the stock is owned by insiders.

Institutional Trading of TKO Group

Large investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of TKO Group by 267.9% in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of TKO Group by 59.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after buying an additional 362,460 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock worth $33,197,000 after buying an additional 287,440 shares during the last quarter. State Street Corp raised its position in shares of TKO Group by 10.4% during the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after acquiring an additional 155,940 shares during the last quarter. 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.