Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Price Target at $113.46

TKO Group Holdings, Inc. (NYSE:TKO) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $113.46.

TKO has been the subject of a number of analyst reports. TD Cowen raised TKO Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $92.00 to $127.00 in a report on Wednesday, May 15th. Bank of America initiated coverage on shares of TKO Group in a research note on Friday, March 15th. They issued a “buy” rating and a $100.00 target price for the company. The Goldman Sachs Group started coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a “buy” rating and a $102.00 price target on the stock. Roth Mkm increased their target price on shares of TKO Group from $112.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Jefferies Financial Group raised their target price on TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, April 12th.

Insider Buying and Selling at TKO Group

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the sale, the insider now directly owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd purchased a new position in TKO Group in the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in TKO Group during the fourth quarter worth $27,000. Baker Avenue Asset Management LP purchased a new stake in TKO Group in the 3rd quarter valued at $36,000. Blue Trust Inc. purchased a new stake in TKO Group in the 4th quarter valued at $37,000. Finally, Fifth Third Bancorp increased its stake in shares of TKO Group by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock worth $47,000 after acquiring an additional 138 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Stock Up 0.5 %

NYSE:TKO opened at $104.52 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average price is $102.01 and its 200-day moving average price is $89.24. TKO Group has a 1-year low of $72.33 and a 1-year high of $111.07. The firm has a market capitalization of $17.80 billion, a P/E ratio of -103.50 and a beta of 1.02.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.63. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $609.28 million. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. As a group, equities research analysts anticipate that TKO Group will post 4.19 EPS for the current year.

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.