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

TKO Group (NYSE:TKO - Free Report) had its price objective hoisted by Citigroup from $137.00 to $170.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Guggenheim lifted their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Roth Mkm upped their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on TKO Group from $132.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Finally, Benchmark downgraded TKO Group from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, TKO Group currently has an average rating of "Moderate Buy" and an average target price of $136.79.

TKO Group Stock Performance

NYSE TKO traded up $0.30 during mid-day trading on Tuesday, reaching $147.35. 1,335,674 shares of the stock were exchanged, compared to its average volume of 1,051,204. TKO Group has a 1 year low of $75.35 and a 1 year high of $149.40. 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 business's 50 day moving average is $129.06 and its 200-day moving average is $118.96. The company has a market capitalization of $25.16 billion, a P/E ratio of -350.83 and a beta of 1.09.

TKO Group (NYSE:TKO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.28). The business had revenue of $681.20 million for 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% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. On average, equities research analysts forecast that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Patrick Whitesell purchased 245,887 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the purchase, the insider now directly owns 1,825,030 shares of the company's stock, valued at $259,975,523.50. The trade was a 15.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ariel Emanuel acquired 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the transaction, the chief executive officer now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. This represents a 3.60 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 337,447 shares of company stock valued at $48,133,224. Company insiders own 53.80% of the company's stock.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Blue Trust Inc. grew its position in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company's stock worth $32,000 after buying an additional 89 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company's stock worth $34,000 after acquiring an additional 231 shares during the period. Signaturefd LLC grew its holdings in shares of 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 during the period. Quarry LP purchased a new position in TKO Group in the 2nd quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC raised its holdings in TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company's stock worth $61,000 after purchasing an additional 491 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.