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

Shares of TKO Group Holdings, Inc. (NYSE:TKO) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $128.47.

A number of equities analysts recently commented on the stock. TD Cowen boosted their target price on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Bank of America initiated coverage on TKO Group in a research report on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $132.00 price objective on shares of TKO Group in a report on Thursday, September 12th. Roth Mkm boosted their target price on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Redburn Atlantic initiated coverage on shares of TKO Group in a research note on Thursday, July 18th. They issued a “buy” rating and a $129.00 price target on the stock.

Insider Transactions at TKO Group

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

Hedge Funds Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in TKO Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after buying an additional 79,166 shares during the last quarter. Ninety One UK Ltd increased 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 acquiring an additional 557,444 shares during the period. Darlington Partners Capital Management LP raised its holdings in TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock worth $331,065,000 after purchasing an additional 90,868 shares in the last quarter. XN LP lifted its position in TKO Group by 100.9% in the first 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 during the period. Finally, Clearbridge Investments LLC boosted its holdings in TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Stock Performance

Shares of TKO opened at $123.70 on Tuesday. TKO Group has a 1 year low of $72.33 and a 1 year high of $125.49. The stock has a market capitalization of $21.07 billion, a PE ratio of -122.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day simple moving average of $116.16 and a 200-day simple moving average of $106.28.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s revenue was up 178.9% compared to the same quarter last year. On average, analysts predict that TKO Group will post 4.17 earnings per share for the current fiscal year.

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.