TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Three investment 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 analysts that have issued ratings on the stock in the last year is $131.00.

A number of brokerages have commented on TKO. Guggenheim boosted their target price on 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 started coverage on TKO Group in a report on Tuesday, August 20th. They set a “buy” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. upped their price target on TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. TD Cowen boosted their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley increased their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 53.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. increased its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in TKO Group in the 2nd quarter valued at $36,000. Signaturefd LLC increased its holdings in TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of TKO Group in the second quarter valued at about $51,000. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 1.2 %

Shares of TKO Group stock opened at $119.24 on Wednesday. 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 1 year low of $72.33 and a 1 year high of $130.95. The stock has a 50-day moving average price of $121.47 and a 200 day moving average price of $113.55. The company has a market cap of $20.35 billion, a P/E ratio of -283.90 and a beta of 1.06.

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

About TKO Group

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.