TKO Group Holdings, Inc. (NYSE:TKO) Receives $127.13 Consensus Target Price from Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $127.13.

TKO has been the subject of several research reports. TD Cowen increased their target price on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Pivotal Research initiated coverage on shares of TKO Group in a research report on Friday, September 13th. They set a “buy” rating and a $170.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $132.00 price target on shares of TKO Group in a research report on Thursday, September 12th. Morgan Stanley raised their price target on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, UBS Group boosted their price objective on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

TKO Group Trading Up 1.1 %

Shares of TKO Group stock opened at $125.00 on Tuesday. The firm’s 50 day moving average is $115.80 and its 200 day moving average is $105.79. The firm has a market capitalization of $21.33 billion, a PE ratio of -123.76 and a beta of 1.04. TKO Group has a 1 year low of $72.33 and a 1 year high of $125.49. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last posted its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. During the same period in the previous year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 178.9% compared to the same quarter last year. Equities research analysts forecast that TKO Group will post 4.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in TKO Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after purchasing an additional 79,166 shares during the last quarter. Ninety One UK Ltd boosted its position 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 buying an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP grew its holdings in 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 buying an additional 90,868 shares in the last quarter. XN LP raised its position in TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after buying an additional 996,161 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after acquiring an additional 155,940 shares in the last quarter. 89.79% of the stock is currently owned by 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.