TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Rating of "Moderate Buy" from Analysts

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $148.08.

A number of research firms have recently weighed in on TKO. The Goldman Sachs Group boosted their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Seaport Res Ptn cut TKO Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 11th. Benchmark downgraded shares of TKO Group from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th.

TKO Group Trading Down 3.1 %

TKO stock traded down $5.09 during trading on Friday, hitting $158.73. The company had a trading volume of 1,714,360 shares, compared to its average volume of 1,093,437. The firm has a 50-day moving average price of $151.86 and a 200-day moving average price of $133.32. TKO Group has a 12 month low of $78.69 and a 12 month high of $179.09. 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 stock has a market cap of $27.11 billion, a price-to-earnings ratio of -377.92 and a beta of 1.06.

Insider Buying and Selling at TKO Group

In related news, insider Mark S. Shapiro sold 31,666 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 $4,494,672.04. Following the sale, the insider now owns 73,677 shares of the company's stock, valued at approximately $10,457,713.38. This trade represents a 30.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell purchased 31,352 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now directly owns 1,674,322 shares in the company, valued at approximately $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. Over the last quarter, insiders have purchased 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC increased 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 valued at $261,000 after buying an additional 63 shares during the last quarter. M&T Bank Corp grew its holdings in shares of TKO Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. increased its position in shares of TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. Bessemer Group Inc. raised its holdings in TKO Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock worth $3,720,000 after acquiring an additional 78 shares in the last quarter. Finally, US Bancorp DE boosted its position in TKO Group by 18.0% during the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds 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.