JPMorgan Chase & Co. Raises TKO Group (NYSE:TKO) Price Target to $158.00

TKO Group (NYSE:TKO - Get Free Report) had its price target lifted by JPMorgan Chase & Co. from $137.00 to $158.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 10.16% from the company's previous close.

A number of other equities research analysts have also issued reports on TKO. Pivotal Research increased their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. TD Cowen raised their target price 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. Bank of America began coverage on shares of TKO Group in a research note on Tuesday, August 20th. They issued a "buy" rating and a $140.00 price target on the stock. The Goldman Sachs Group raised their price objective on TKO Group from $132.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Finally, Roth Mkm boosted their target price on TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $133.93.

TKO Group Stock Performance

Shares of NYSE:TKO traded up $2.10 during mid-day trading on Thursday, reaching $143.43. 874,337 shares of the company traded hands, compared to its average volume of 1,048,024. TKO Group has a 52 week low of $72.34 and a 52 week high of $145.69. The firm has a market cap of $24.49 billion, a PE ratio of -336.48 and a beta of 1.09. The company's 50 day moving average price is $127.60 and its 200-day moving average price is $117.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

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

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated 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 sale, the insider now directly owns 42,156 shares of the company's stock, valued at $4,837,822.56. This represents a 42.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 53.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock valued at $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. lifted its holdings in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock valued at $34,000 after buying an additional 231 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in TKO Group in the 2nd quarter valued at about $36,000. Signaturefd LLC grew its stake in TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company's stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of TKO Group during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

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.