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

TKO Group Holdings, Inc. (NYSE:TKO) has earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $148.08.

A number of research firms have weighed in on TKO. TD Cowen raised their price objective 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. Seaport Res Ptn cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Pivotal Research lifted their target price on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Insider Buying and Selling at TKO Group

In other news, CAO Shane Kapral sold 1,034 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at $315,816.50. This represents a 31.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ariel Emanuel purchased 117,769 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $175.40 per share, with a total value of $20,656,682.60. Following the purchase, the chief executive officer now owns 2,579,437 shares in the company, valued at $452,433,249.80. The trade was a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,498,297 shares of company stock worth $387,671,461 and sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in TKO Group in the 4th quarter valued at about $104,613,000. Ameriprise Financial Inc. raised its position in shares of TKO Group by 57.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,678,258 shares of the company’s stock valued at $238,574,000 after purchasing an additional 611,178 shares during the period. Steadfast Capital Management LP lifted its stake in shares of TKO Group by 146.9% during the 4th quarter. Steadfast Capital Management LP now owns 710,784 shares of the company’s stock valued at $101,010,000 after buying an additional 422,900 shares in the last quarter. Moore Capital Management LP boosted its holdings in TKO Group by 1,625.0% in the 4th quarter. Moore Capital Management LP now owns 418,286 shares of the company’s stock worth $59,443,000 after buying an additional 394,038 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in TKO Group in the 4th quarter valued at approximately $54,778,000. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of TKO opened at $163.58 on Friday. The stock has a market cap of $27.93 billion, a P/E ratio of -389.46 and a beta of 1.06. The business’s fifty day moving average is $151.86 and its 200 day moving average is $133.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a 12-month low of $78.69 and a 12-month high of $179.09.

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.