Morgan Stanley Boosts TKO Group (NYSE:TKO) Price Target to $160.00

TKO Group (NYSE:TKO) had its price objective hoisted by stock analysts at Morgan Stanley from $128.00 to $160.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 0.57% from the stock’s current price.

TKO has been the subject of several other research reports. The Goldman Sachs Group increased their target price on shares of TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. TD Cowen upped their target price on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research boosted their price target on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Seaport Res Ptn downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, UBS Group lifted their target price on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.58.

TKO Group Stock Up 1.3 %

NYSE:TKO opened at $160.91 on Monday. The stock has a 50-day moving average price of $152.20 and a two-hundred day moving average price of $134.02. TKO Group has a 1 year low of $78.69 and a 1 year high of $179.09. The stock has a market cap of $27.48 billion, a price-to-earnings ratio of -382.14 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Transactions at TKO Group

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Seth D. Krauss sold 2,438 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $143.80, for a total value of $350,584.40. Following the completion of the sale, the insider now directly owns 7,983 shares of the company’s stock, valued at $1,147,955.40. This trade represents a 23.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in TKO Group during the fourth quarter worth about $1,258,000. Parr Mcknight Wealth Management Group LLC bought a new position in TKO Group during the fourth quarter valued at $1,360,000. Josh Arnold Investment Consultant LLC bought a new stake in shares of TKO Group in the fourth quarter valued at $2,167,000. Neo Ivy Capital Management purchased a new position in TKO Group during the fourth quarter valued at approximately $309,000. Finally, Focus Partners Advisor Solutions LLC lifted its stake in TKO Group by 3.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after purchasing an additional 63 shares in the last quarter. 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.