Brokerages Set TKO Group Holdings, Inc. (NYSE:TKO) Price Target at $108.31

TKO Group Holdings, Inc. (NYSE:TKO) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $108.31.

Several research firms have issued reports on TKO. Bank of America started coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a “buy” rating and a $100.00 price objective for the company. Roth Mkm reissued a “buy” rating and issued a $112.00 price objective on shares of TKO Group in a research note on Friday, April 12th. Northcoast Research began coverage on TKO Group in a report on Tuesday, February 6th. They set a “buy” rating and a $105.00 price objective on the stock. Jefferies Financial Group upped their target price on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, TD Cowen assumed coverage on TKO Group in a research note on Friday, January 12th. They set a “market perform” rating and a $92.00 price target on the stock.

Insider Buying and Selling

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the sale, the insider now directly owns 9,875,129 shares in the company, valued at $878,985,232.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 38.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of TKO Group by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. Lindsell Train Ltd acquired a new position in TKO Group during the 3rd quarter valued at approximately $495,949,000. Ninety One UK Ltd raised its holdings in shares of TKO Group by 12.7% in the fourth quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock worth $351,069,000 after buying an additional 485,105 shares during the last quarter. Darlington Partners Capital Management LP lifted its stake in shares of TKO Group by 17.9% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,120,406 shares of the company’s stock worth $172,983,000 after buying an additional 322,126 shares during the period. Finally, FMR LLC purchased a new stake in shares of TKO Group during the third quarter valued at $136,131,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO stock opened at $98.29 on Friday. The stock has a 50 day moving average price of $89.01 and a 200 day moving average price of $83.56. TKO Group has a 52-week low of $72.33 and a 52-week high of $106.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $16.90 billion, a P/E ratio of 140.19 and a beta of 1.03.

TKO Group (NYSE:TKO) last released its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The business had revenue of $614.00 million during the quarter, compared to analysts’ expectations of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. As a group, sell-side analysts predict that TKO Group will post 2.38 earnings per share for the current year.

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.