TKO Group Holdings, Inc. (NYSE:TKO) Receives $136.79 Consensus PT from Analysts

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $139.29.

TKO has been the topic of a number of research analyst reports. Benchmark downgraded TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Guggenheim raised their target price on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Pivotal Research boosted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th.

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now owns 6,995 shares in the company, 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 SEC, which is accessible 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 shares were acquired at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. 53.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC lifted its stake in shares of TKO Group by 19.1% during the second quarter. Natixis Advisors LLC now owns 12,929 shares of the company’s stock worth $1,396,000 after purchasing an additional 2,069 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of TKO Group in the second quarter valued at $249,000. Simon Quick Advisors LLC grew its holdings in TKO Group by 43.7% during the 2nd quarter. Simon Quick Advisors LLC now owns 9,606 shares of the company’s stock valued at $1,037,000 after purchasing an additional 2,921 shares in the last quarter. Arizona State Retirement System increased its stake in TKO Group by 15.0% during the 2nd quarter. Arizona State Retirement System now owns 20,741 shares of the company’s stock worth $2,240,000 after buying an additional 2,699 shares during the period. Finally, Oak Thistle LLC acquired a new position in TKO Group in the 2nd quarter worth $256,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

TKO Group stock opened at $142.02 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group has a one year low of $75.35 and a one year high of $149.40. The company has a market cap of $24.25 billion, a P/E ratio of -338.14 and a beta of 1.07. The business has a fifty day moving average of $135.19 and a two-hundred day moving average of $122.94.

TKO Group (NYSE:TKO) last released 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). 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 analysts’ expectations of $665.12 million. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. As a group, analysts predict that TKO Group will post 3.88 earnings per share 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.