TKO Group (NYSE:TKO) PT Raised to $138.00 at The Goldman Sachs Group

TKO Group (NYSE:TKO) had its price target increased by research analysts at The Goldman Sachs Group from $132.00 to $138.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 9.23% from the stock’s previous close.

TKO has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Pivotal Research initiated coverage on TKO Group in a research note on Friday, September 13th. They set a “buy” rating and a $170.00 price target for the company. Redburn Atlantic began coverage on shares of TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 price objective on the stock. Morgan Stanley lifted their target price on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, TD Cowen increased their price target on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.93.

TKO Group Stock Performance

NYSE:TKO opened at $126.34 on Wednesday. The firm’s fifty day simple moving average is $116.83 and its 200-day simple moving average is $106.70. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $21.52 billion, a PE ratio of -125.09 and a beta of 1.04. TKO Group has a fifty-two week low of $72.33 and a fifty-two week high of $126.51.

TKO Group (NYSE:TKO) last issued its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 178.9% compared to the same quarter last year. Analysts expect that TKO Group will post 4.17 earnings per share for the current fiscal year.

Insider Buying and Selling at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now directly owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now directly owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is owned by company insiders.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in TKO Group by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after buying an additional 1,002,121 shares during the period. XN LP increased its holdings in TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after purchasing an additional 996,161 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in TKO Group by 267.9% in 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 purchasing an additional 961,880 shares during the period. Ninety One UK Ltd lifted its stake in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after purchasing an additional 557,444 shares in the last quarter. Finally, Fairview Capital Investment Management LLC acquired a new position in shares of TKO Group during the first quarter worth about $43,999,000. Institutional investors and hedge funds 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.