TKO Group (NYSE:TKO) Price Target Raised to $158.00 at JPMorgan Chase & Co.

TKO Group (NYSE:TKO) had its target price hoisted by JPMorgan Chase & Co. from $137.00 to $158.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on TKO. Roth Mkm lifted their price objective on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Bank of America began coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. TD Cowen increased their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Pivotal Research boosted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

TKO Group Trading Down 1.1 %

TKO opened at $141.92 on Thursday. TKO Group has a 52 week low of $74.25 and a 52 week high of $145.69. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $128.24 and a 200-day simple moving average of $118.35. The firm has a market cap of $24.24 billion, a P/E ratio of -337.90 and a beta of 1.09.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm 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 was up 51.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. On average, equities analysts expect that TKO Group will post 3.88 earnings per share for the current year.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on 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 in the company, valued at $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Patrick Whitesell acquired 31,352 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the purchase, the insider now directly owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 337,447 shares of company stock worth $48,133,224. 53.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Ninety One UK Ltd increased its holdings in shares of TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after acquiring an additional 557,444 shares during the period. Darlington Partners Capital Management LP increased its stake in TKO Group by 3.1% in 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 purchasing an additional 90,868 shares during the period. State Street Corp boosted its stake in shares of TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after buying an additional 192,602 shares during the period. Clearbridge Investments LLC grew its holdings in shares of TKO Group by 9.5% during the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after buying an additional 155,940 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock valued at $210,892,000 after acquiring an additional 383,869 shares during the period. Hedge funds and other 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.