TKO Group (NYSE:TKO) Price Target Raised to $160.00

TKO Group (NYSE:TKO) had its target price boosted by Morgan Stanley from $128.00 to $160.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently commented on TKO. Citigroup raised their price objective on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Seaport Res Ptn cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. TD Cowen upped their price objective on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group boosted their price target on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.58.

TKO Group Price Performance

NYSE TKO opened at $159.97 on Monday. 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 12 month low of $78.69 and a 12 month high of $179.09. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of -380.88 and a beta of 1.06. The company’s 50 day moving average is $153.00 and its two-hundred day moving average is $134.78.

Insider Activity at TKO Group

In related news, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ariel Emanuel acquired 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently bought and sold shares of TKO. Park Avenue Securities LLC boosted its stake in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock valued at $1,848,000 after purchasing an additional 4,836 shares during the period. Retirement Systems of Alabama boosted its position in TKO Group by 11.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after buying an additional 8,006 shares during the period. HighTower Advisors LLC grew its stake in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company’s stock worth $3,225,000 after acquiring an additional 16,746 shares in the last quarter. Petrus Trust Company LTA purchased a new position in shares of TKO Group during the third quarter worth approximately $597,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of TKO Group by 29.1% during the third 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 in the last quarter. Institutional investors own 89.79% of the company’s stock.

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.