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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $141.21.

A number of equities analysts have recently issued reports on TKO shares. JPMorgan Chase & Co. upped their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. TD Cowen increased their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim increased 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. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th.

Insider Activity at TKO Group

In other TKO Group news, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel acquired 60,208 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 950,664 shares of company stock worth $137,096,831 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by company insiders.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently bought and sold shares of TKO. Massachusetts Financial Services Co. MA boosted its stake in TKO Group by 29.1% during 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 purchasing an additional 383,869 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of TKO Group by 59.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after purchasing an additional 362,460 shares during the period. State Street Corp increased its holdings in TKO Group by 10.4% during the third quarter. State Street Corp now owns 2,052,916 shares of the company’s stock valued at $253,966,000 after buying an additional 192,602 shares during the last quarter. Clearbridge Investments LLC raised its position in TKO Group by 9.5% in the second quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after acquiring an additional 155,940 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in 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. 89.79% of the stock is currently owned by institutional investors.

TKO Group Stock Up 0.7 %

Shares of NYSE TKO opened at $153.06 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. The business has a 50-day moving average of $141.35 and a 200-day moving average of $125.96. The firm has a market capitalization of $26.14 billion, a price-to-earnings ratio of -364.44 and a beta of 1.07. TKO Group has a 12 month low of $78.69 and a 12 month high of $154.25.

TKO Group (NYSE:TKO) last issued its quarterly 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). 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 during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the previous year, the company earned $0.52 EPS. TKO Group’s quarterly revenue was up 51.7% on a year-over-year basis. Sell-side analysts expect that TKO Group will post 3.88 earnings per share for the current fiscal 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.