TKO Group Holdings, Inc. (NYSE:TKO) Receives $132.43 Consensus Price Target from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $132.43.

Several brokerages have issued reports on TKO. TD Cowen lifted their price target on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lifted their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Bank of America initiated coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a "buy" rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Guggenheim boosted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, September 30th.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares of the company's stock, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 53.80% of the company's stock.

Institutional Trading of TKO Group

Several large investors have recently added to or reduced their stakes in TKO. Blue Trust Inc. boosted its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after acquiring an additional 89 shares during the period. Coldstream Capital Management Inc. increased its position in TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company's stock worth $379,000 after buying an additional 97 shares during the period. Quent Capital LLC grew its stake in shares of TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company's stock valued at $84,000 after purchasing an additional 101 shares during the last quarter. Signaturefd LLC grew its stake in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock valued at $48,000 after purchasing an additional 109 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of TKO Group by 6.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,126 shares of the company's stock valued at $263,000 after buying an additional 125 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Down 0.0 %

Shares of TKO stock traded down $0.07 during trading hours on Friday, hitting $144.09. 1,391,992 shares of the company were exchanged, compared to its average volume of 895,684. The business has a 50 day moving average of $126.56 and a two-hundred day moving average of $117.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 52 week low of $72.33 and a 52 week high of $145.69. The company has a market capitalization of $24.61 billion, a PE ratio of -343.07 and a beta of 1.09.

TKO Group (NYSE:TKO - Get Free Report) last issued 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 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 the consensus estimate of $665.12 million. During the same period in the prior year, the company earned $0.52 EPS. The firm's revenue was up 51.7% on a year-over-year basis. Analysts anticipate 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.