TKO Group Holdings, Inc. (NYSE:TKO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $136.79.

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Pivotal Research boosted their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Roth Mkm raised their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Citigroup boosted their price objective on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their target price on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd.

TKO Group Stock Performance

Shares of TKO opened at $141.74 on Thursday. TKO Group has a 1 year low of $75.35 and a 1 year high of $149.40. The company’s 50 day simple moving average is $134.17 and its 200 day simple moving average is $122.56. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of -337.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last released its earnings results 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). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $665.12 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. TKO Group’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, sell-side analysts predict that TKO Group will post 3.88 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel bought 60,208 shares of TKO Group stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $143.73 per share, with a total value of $8,653,695.84. Following the acquisition, the chief executive officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 263,200 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 600,647 shares of company stock worth $86,815,728 and have sold 65,624 shares worth $9,314,671. 53.80% of the stock is owned by company insiders.

Institutional Trading of TKO Group

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings 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 buying an additional 89 shares during the last quarter. First Horizon Advisors Inc. boosted its position in TKO Group by 491.5% during 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 stake in shares of TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Quarry LP acquired a new position in shares of TKO Group during the second quarter valued at $51,000. Finally, International Assets Investment Management LLC raised its stake in shares of TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

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.