TKO Group Holdings, Inc. (NYSE:TKO) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) have received a consensus rating of "Moderate Buy" from the fifteen analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $131.00.

Several brokerages recently commented on TKO. The Goldman Sachs Group raised their target price on TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on TKO Group from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Bank of America began coverage on TKO Group in a research report on Tuesday, August 20th. They issued a "buy" rating and a $140.00 target price for the company. Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Pivotal Research lifted their price objective on TKO Group from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, November 7th.

Insider Activity

In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated 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 sale, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. boosted its holdings in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after buying an additional 231 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in TKO Group during the second quarter worth about $36,000. Signaturefd LLC boosted its holdings in TKO Group by 39.4% during the third quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after buying an additional 109 shares during the last quarter. Finally, Quarry LP bought a new position in TKO Group during the second quarter worth about $51,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Stock Performance

Shares of TKO traded up $1.30 during mid-day trading on Wednesday, hitting $117.75. The company's stock had a trading volume of 593,656 shares, compared to its average volume of 1,050,485. TKO Group has a one year low of $72.33 and a one year high of $130.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $20.09 billion, a PE ratio of -280.36 and a beta of 1.06. The stock's 50-day moving average is $121.36 and its two-hundred day moving average is $113.10.

TKO Group (NYSE:TKO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm's revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, sell-side analysts anticipate that TKO Group will post 1.88 EPS for the current 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.