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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $131.00.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group raised their price target on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 9th. The Goldman Sachs Group boosted their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Pivotal Research raised their target price on TKO Group from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, TD Cowen upped their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th.

Insiders Place Their Bets

In other news, insider Mark S. Shapiro sold 31,026 shares of the business’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 directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 53.80% of the stock is owned by insiders.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. XN LP lifted its stake in shares of TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after acquiring an additional 996,161 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 during the last quarter. Ninety One UK Ltd boosted its stake in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares during the period. Fairview Capital Investment Management LLC bought a new position in shares of TKO Group in the first quarter worth approximately $43,999,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of TKO Group by 59.7% in the third 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 during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

Shares of TKO opened at $116.42 on Wednesday. TKO Group has a 1 year low of $72.33 and a 1 year high of $130.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.99. The stock’s fifty day moving average price is $121.36 and its two-hundred day moving average price is $113.07. The firm has a market cap of $19.87 billion, a PE ratio of -277.19 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities research analysts forecast that TKO Group will post 1.88 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.