The Goldman Sachs Group Raises TKO Group (NYSE:TKO) Price Target to $138.00

TKO Group (NYSE:TKO) had its target price boosted by The Goldman Sachs Group from $132.00 to $138.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. increased their price objective on TKO Group from $126.00 to $132.00 and gave the company an overweight rating in a research report on Friday, August 9th. TD Cowen boosted their price objective on shares of TKO Group from $127.00 to $140.00 and gave the stock a buy rating in a report on Monday, August 12th. Pivotal Research assumed coverage on shares of TKO Group in a research note on Friday, September 13th. They issued a buy rating and a $170.00 price objective for the company. Morgan Stanley lifted their target price on shares of TKO Group from $115.00 to $118.00 and gave the stock an equal weight rating in a research report on Friday, August 9th. Finally, Redburn Atlantic initiated coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a buy rating and a $129.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $130.93.

TKO Group Trading Up 0.6 %

Shares of TKO stock opened at $127.10 on Wednesday. TKO Group has a 52-week low of $72.33 and a 52-week high of $128.31. The business’s fifty day moving average is $117.20 and its 200 day moving average is $106.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $21.65 billion, a PE ratio of -125.78 and a beta of 1.04.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The company had revenue of $851.20 million for 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 company’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, equities research analysts anticipate that TKO Group will post 4.17 EPS for the current fiscal year.

Insider Activity

In other 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 transaction of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently modified their holdings of TKO. American International Group Inc. lifted its stake in shares of TKO Group by 10.1% in the fourth quarter. American International Group Inc. now owns 81,579 shares of the company’s stock worth $6,655,000 after buying an additional 7,456 shares in the last quarter. Vanguard Group Inc. boosted its stake in TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of TKO Group by 23.8% in the 1st quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock worth $127,320,000 after purchasing an additional 283,731 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of TKO Group by 20.6% in the first quarter. Annex Advisory Services LLC now owns 165,910 shares of the company’s stock worth $14,336,000 after purchasing an additional 28,365 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of TKO Group by 29.8% during the first quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock valued at $9,843,000 after purchasing an additional 26,168 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.