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

TKO Group (NYSE:TKO) had its price target increased by equities research analysts at UBS Group from $135.00 to $170.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 19.94% from the stock’s previous close.

Several other research firms have also recently issued reports on TKO. Pivotal Research lifted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. TD Cowen lifted their price objective on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Guggenheim lifted their price objective on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Citigroup boosted their price target on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

TKO Group Price Performance

NYSE TKO opened at $141.74 on Tuesday. TKO Group has a 12 month low of $75.35 and a 12 month high of $149.40. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of -337.48 and a beta of 1.07. The company’s 50 day moving average is $134.17 and its two-hundred day moving average is $122.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released 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). TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the previous year, the business posted $0.52 EPS. TKO Group’s revenue was up 51.7% on a year-over-year basis. As a group, research analysts anticipate that TKO Group will post 3.88 earnings per share for the current year.

Insider Activity

In other news, CAO Shane Kapral sold 1,034 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the sale, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell bought 31,352 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the purchase, the insider now directly owns 1,674,322 shares of the company’s stock, valued at approximately $237,803,953.66. This trade represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 600,647 shares of company stock valued at $86,815,728 and sold 65,624 shares valued at $9,314,671. Insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

A number of hedge funds have recently added to or reduced their stakes in TKO. Blue Trust Inc. lifted its stake in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the period. First Horizon Advisors Inc. lifted its stake in TKO Group by 491.5% in the third 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 lifted its stake in TKO Group by 39.4% in the third 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 stake in TKO Group in the second quarter worth about $51,000. Finally, International Assets Investment Management LLC lifted its stake in TKO Group by 12,275.0% in the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock worth $61,000 after acquiring an additional 491 shares during the period. 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.