TKO Group (NYSE:TKO) Price Target Raised to $170.00 at UBS Group

TKO Group (NYSE:TKO - Get Free Report) had its price target hoisted by research analysts at UBS Group from $135.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price indicates a potential upside of 19.91% from the stock's previous close.

A number of other research analysts have also commented on the stock. Pivotal Research lifted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Benchmark downgraded TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Guggenheim increased their price objective on TKO Group from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Citigroup boosted their target price on TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, TD Cowen increased their price target on TKO Group from $140.00 to $143.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TKO Group has an average rating of "Moderate Buy" and a consensus price target of $139.29.

TKO Group Stock Performance

Shares of NYSE TKO traded up $0.14 during trading hours on Tuesday, reaching $141.77. The stock had a trading volume of 912,291 shares, compared to its average volume of 670,117. The firm has a 50-day moving average of $134.69 and a 200-day moving average of $122.81. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of -337.55 and a beta of 1.07. 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 fifty-two week low of $75.35 and a fifty-two week high of $149.40.

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 firm had revenue of $681.20 million during the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. TKO Group's revenue was up 51.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Equities research analysts predict that TKO Group will post 3.88 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In related news, insider Mark S. Shapiro sold 31,666 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $4,494,672.04. Following the sale, the insider now directly owns 73,677 shares in the company, valued at $10,457,713.38. The trade was a 30.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew M. Schleimer sold 5,419 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. 53.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama boosted its stake in shares of TKO Group by 11.0% during the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company's stock valued at $9,984,000 after acquiring an additional 8,006 shares during the last quarter. HighTower Advisors LLC lifted its holdings in TKO Group by 177.2% in the 3rd quarter. HighTower Advisors LLC now owns 26,197 shares of the company's stock valued at $3,225,000 after purchasing an additional 16,746 shares in the last quarter. Petrus Trust Company LTA acquired a new stake in shares of TKO Group during the 3rd quarter worth about $597,000. Principal Financial Group Inc. grew its holdings in shares of TKO Group by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company's stock worth $154,185,000 after buying an additional 13,148 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company's stock valued at $210,892,000 after buying an additional 383,869 shares during the last quarter. 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.