TKO Group (NYSE:TKO) Given New $165.00 Price Target at The Goldman Sachs Group

TKO Group (NYSE:TKO) had its target price hoisted by The Goldman Sachs Group from $142.00 to $165.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

TKO has been the subject of several other reports. Roth Mkm upped their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Citigroup increased their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Guggenheim increased their price target on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. upped their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.21.

TKO Group Trading Up 0.7 %

Shares of TKO stock opened at $153.06 on Friday. The stock has a market cap of $26.14 billion, a P/E ratio of -364.44 and a beta of 1.07. TKO Group has a 1 year low of $78.69 and a 1 year high of $154.25. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $141.35 and a 200 day simple moving average of $125.96.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The company had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, research analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This trade represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the acquisition, the insider now directly owns 1,825,030 shares of the company’s stock, valued at $259,975,523.50. This represents a 15.57 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 950,664 shares of company stock worth $137,096,831 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of TKO Group by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 448,205 shares of the company’s stock worth $48,402,000 after purchasing an additional 94,944 shares during the period. Bank of Montreal Can lifted its stake in shares of TKO Group by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after purchasing an additional 184 shares during the period. Squarepoint Ops LLC lifted its stake in shares of TKO Group by 5.8% in the 2nd quarter. Squarepoint Ops LLC now owns 235,695 shares of the company’s stock valued at $25,453,000 after purchasing an additional 12,942 shares during the period. AQR Capital Management LLC bought a new position in TKO Group in the second quarter worth $232,000. Finally, Darlington Partners Capital Management LP lifted its position in TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after buying an additional 90,868 shares during the period. 89.79% of the stock is owned by institutional investors.

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.