TKO Group (NYSE:TKO) Stock Price Expected to Rise, Citigroup Analyst Says

TKO Group (NYSE:TKO) had its price objective lifted by equities researchers at Citigroup from $137.00 to $170.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 19.60% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group boosted their target price on TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Benchmark lowered TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Roth Mkm lifted their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Pivotal Research increased their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.79.

TKO Group Trading Down 3.5 %

NYSE:TKO opened at $142.14 on Tuesday. The company has a market cap of $24.27 billion, a P/E ratio of -338.43 and a beta of 1.09. TKO Group has a 1 year low of $75.35 and a 1 year high of $149.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average price is $129.36 and its two-hundred day moving average price is $119.13.

TKO Group (NYSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share 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 for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. As a group, analysts expect that TKO Group will post 3.88 EPS for the current year.

Insider Activity

In other news, CEO Ariel Emanuel acquired 60,208 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the transaction, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 245,887 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $142.45 per share, with a total value of $35,026,603.15. Following the completion of the purchase, the insider now owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. The trade was a 15.57 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 600,647 shares of company stock valued at $86,815,728. 53.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama boosted its position in TKO Group by 11.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,707 shares of the company’s stock valued at $9,984,000 after acquiring an additional 8,006 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of TKO Group by 259.1% during the third quarter. Tidal Investments LLC now owns 21,803 shares of the company’s stock valued at $2,697,000 after purchasing an additional 15,732 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of TKO Group in the 3rd quarter worth approximately $426,000. Sanctuary Advisors LLC grew its stake in shares of TKO Group by 38.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,712 shares of the company’s stock worth $911,000 after buying an additional 1,858 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in TKO Group during the 3rd quarter valued at approximately $221,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

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.