Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) PT at $141.21

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $144.77.

TKO has been the subject of several research reports. Pivotal Research raised their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their price target on TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group raised their price target on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Roth Mkm lifted their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th.

Insider Buying and Selling

In related news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the transaction, the chief financial officer now owns 6,995 shares in the company, valued at $992,870.30. The trade was a 43.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Shane Kapral sold 1,034 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares in the company, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,524,470 shares of company stock worth $225,807,760 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in TKO. Park Avenue Securities LLC lifted its position in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of TKO Group by 11.0% in the third quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after purchasing an additional 8,006 shares during the period. HighTower Advisors LLC increased its stake in shares of TKO Group by 177.2% in the third 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 during the period. Petrus Trust Company LTA acquired a new stake in shares of TKO Group in the third quarter valued at approximately $597,000. Finally, Principal Financial Group Inc. increased its stake 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 valued at $154,185,000 after acquiring an additional 13,148 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

NYSE:TKO opened at $155.03 on Monday. TKO Group has a 1-year low of $78.69 and a 1-year high of $159.72. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $143.75 and a 200 day simple moving average of $127.66. The stock has a market capitalization of $26.47 billion, a PE ratio of -369.12 and a beta of 1.07.

TKO Group (NYSE:TKO) last released its earnings results 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). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. During the same period in the prior year, the business posted $0.52 earnings per share. TKO Group’s quarterly revenue was up 51.7% compared to the same quarter last year. On average, research analysts expect that TKO Group will post 3.88 EPS for the current fiscal year.

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.