TKO Group Holdings, Inc. (NYSE:TKO) Receives $136.79 Average Target Price from Analysts

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $136.79.

A number of brokerages have weighed in on TKO. JPMorgan Chase & Co. lifted their target price on TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Pivotal Research raised their target price on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. TD Cowen upped 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, Guggenheim lifted their price objective 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.

Insider Transactions at TKO Group

In other news, CEO Ariel Emanuel purchased 60,208 shares of the company's stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the purchase, the chief executive officer now owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell acquired 263,200 shares of TKO Group stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the purchase, the insider now owns 418,587 shares of the company's stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 600,647 shares of company stock worth $86,815,728. Insiders own 53.80% of the company's stock.

Institutional Trading of TKO Group

Large investors have recently made changes to their positions in the business. Natixis Advisors LLC grew its holdings in 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 acquiring an additional 2,069 shares during the period. CIBC Asset Management Inc purchased a new position in shares of TKO Group during the 2nd quarter valued at approximately $249,000. Simon Quick Advisors LLC lifted its stake in shares of TKO Group by 43.7% in 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 during the period. Arizona State Retirement System boosted its holdings in TKO Group by 15.0% during the second 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 in the last quarter. Finally, Oak Thistle LLC acquired a new stake in TKO Group during the second quarter valued at $256,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Up 0.4 %

Shares of TKO traded up $0.62 during trading hours on Thursday, reaching $142.73. 404,345 shares of the company traded hands, compared to its average volume of 1,039,513. The stock's fifty day moving average price is $132.56 and its 200 day moving average price is $121.64. 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 firm has a market cap of $24.37 billion, a price-to-earnings ratio of -339.83 and a beta of 1.09. TKO Group has a 12-month low of $75.35 and a 12-month high of $149.40.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to analysts' expectations of $665.12 million. During the same period last year, the firm earned $0.52 earnings per share. TKO Group's quarterly revenue was up 51.7% on a year-over-year basis. Sell-side analysts forecast that TKO Group will post 3.88 earnings per share for the current 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.