TKO Group (NYSE:TKO) Sets New 1-Year High – What’s Next?

TKO Group Holdings, Inc. (NYSE:TKO) hit a new 52-week high on Tuesday . The company traded as high as $130.96 and last traded at $130.93, with a volume of 917271 shares. The stock had previously closed at $125.01.

Wall Street Analysts Forecast Growth

TKO has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their target price on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. UBS Group increased their target price on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Bank of America assumed coverage on TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $131.00.

TKO Group Stock Up 3.1 %

The firm has a market capitalization of $23.38 billion, a PE ratio of -325.93 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $122.83 and a 200-day moving average price of $114.28.

TKO Group (NYSE:TKO) last announced its quarterly 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 positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. Equities research analysts forecast that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 53.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TKO. Blue Trust Inc. grew its holdings in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the last quarter. First Horizon Advisors Inc. increased its position in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after buying an additional 231 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of TKO Group during the 2nd quarter worth approximately $36,000. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Finally, Quarry LP acquired a new stake in TKO Group during the 2nd quarter worth approximately $51,000. Hedge funds and other 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.