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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have earned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $117.71.

A number of research firms recently commented on TKO. Roth Mkm lifted their price target on shares of TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley lifted their price target on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS Group lifted their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen raised shares of TKO Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $92.00 to $127.00 in a research note on Wednesday, May 15th. Finally, Redburn Atlantic began coverage on shares of TKO Group in a research note on Thursday, July 18th. They set a “buy” rating and a $129.00 price target for the company.

Insider Activity

In other news, Director Nick Khan sold 22,693 shares of the stock in a transaction that occurred 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 directly owns 220,018 shares in the company, valued at $23,218,499.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TKO. Vanguard Group Inc. lifted its position in TKO Group by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after acquiring an additional 1,002,121 shares during the last quarter. XN LP lifted its position in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after acquiring an additional 996,161 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock valued at $142,640,000 after acquiring an additional 961,880 shares during the last quarter. TD Asset Management Inc lifted its position in TKO Group by 215.3% during the fourth quarter. TD Asset Management Inc now owns 1,189,704 shares of the company’s stock valued at $97,056,000 after acquiring an additional 812,336 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in 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 acquiring an additional 557,444 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of NYSE:TKO opened at $117.67 on Monday. TKO Group has a 52 week low of $72.33 and a 52 week high of $120.08. The firm has a fifty day simple moving average of $108.24 and a two-hundred day simple moving average of $97.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 EPS 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 business had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. During the same period in the previous year, the business earned $0.91 earnings per share. The business’s quarterly revenue was up 178.9% on a year-over-year basis. As a group, sell-side analysts predict that TKO Group will post 4.03 earnings per share for the current 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.