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

TKO Group Holdings, Inc. (NYSE:TKO) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $133.93.

Several equities research analysts have recently issued reports on the company. Roth Mkm raised their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. TD Cowen boosted their target price on shares of TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Pivotal Research raised their price target on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Guggenheim upped their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, September 30th.

TKO Group Trading Down 1.1 %

Shares of TKO stock opened at $141.92 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of -337.90 and a beta of 1.09. TKO Group has a 52-week low of $74.25 and a 52-week high of $145.69. The company has a 50-day simple moving average of $128.24 and a two-hundred day simple moving average of $118.35.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. Research analysts anticipate that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Patrick Whitesell acquired 31,352 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $142.03 per share, with a total value of $4,452,924.56. Following the completion of the acquisition, the insider now owns 1,674,322 shares of the company’s stock, valued at $237,803,953.66. This trade represents a 1.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ariel Emanuel bought 60,208 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the chief executive officer now directly owns 1,734,530 shares of the company’s stock, valued at $249,303,996.90. This represents a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 337,447 shares of company stock valued at $48,133,224. 53.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of TKO Group by 491.5% in the 3rd 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 last quarter. MFA Wealth Advisors LLC bought a new stake in shares of TKO Group in the 2nd quarter worth approximately $36,000. Signaturefd LLC boosted its stake in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock valued at $48,000 after purchasing an additional 109 shares in the last quarter. Finally, Quarry LP bought a new position in shares of TKO Group during the 2nd quarter valued at $51,000. 89.79% of the stock is owned by 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.