TKO Group (NYSE:TKO) Price Target Raised to $137.00

TKO Group (NYSE:TKO - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $132.00 to $137.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 14.54% from the company's current price.

A number of other analysts also recently issued reports on the company. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Morgan Stanley increased their price objective on TKO Group from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Pivotal Research boosted their target price on shares of TKO Group from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group increased their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, TD Cowen upped their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.00.

TKO Group Stock Down 0.5 %

Shares of NYSE:TKO traded down $0.61 during midday trading on Thursday, reaching $119.61. 1,098,675 shares of the company were exchanged, compared to its average volume of 1,056,017. The firm has a market cap of $20.41 billion, a PE ratio of -124.52 and a beta of 1.06. TKO Group has a fifty-two week low of $72.33 and a fifty-two week high of $130.95. The stock has a fifty day simple moving average of $121.31 and a two-hundred day simple moving average of $112.32. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.10). The firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The business's revenue for the quarter was up 178.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, sell-side analysts forecast that TKO Group will post 4.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark S. Shapiro sold 31,026 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 53.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of TKO Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company's stock worth $524,899,000 after purchasing an additional 79,166 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company's stock valued at $439,004,000 after acquiring an additional 557,444 shares in the last quarter. Darlington Partners Capital Management LP raised its position in shares of TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company's stock worth $331,065,000 after purchasing an additional 90,868 shares during the period. XN LP lifted its holdings in shares of TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company's stock worth $171,381,000 after purchasing an additional 996,161 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company's stock valued at $194,467,000 after purchasing an additional 155,940 shares during the period. 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.

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