TKO Group (NYSE:TKO) Price Target Raised to $188.00 at The Goldman Sachs Group

TKO Group (NYSE:TKO) had its target price hoisted by analysts at The Goldman Sachs Group from $170.00 to $188.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 14.33% from the stock’s current price.

A number of other research firms also recently commented on TKO. Morgan Stanley upped their price objective on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Monday, March 3rd. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Pivotal Research reiterated a “buy” rating and issued a $195.00 price target (up previously from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Finally, Guggenheim boosted their price objective on shares of TKO Group from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

TKO Group Trading Up 2.4%

Shares of TKO opened at $164.44 on Monday. TKO Group has a fifty-two week low of $99.44 and a fifty-two week high of $179.09. The company has a market capitalization of $28.15 billion, a PE ratio of -391.52 and a beta of 0.73. The stock has a fifty day moving average of $151.97 and a two-hundred day moving average of $146.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17.

TKO Group (NYSE:TKO) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned ($1.26) earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts forecast that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling at TKO Group

In other news, Director Jonathan Kraft purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $140.69 per share, with a total value of $492,415.00. Following the purchase, the director now directly owns 23,500 shares of the company’s stock, valued at approximately $3,306,215. This represents a 17.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sonya E. Medina bought 233 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $285,860. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 23,733 shares of company stock valued at $3,561,318 over the last three months. 61.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Capital Advisors LLC boosted its stake in TKO Group by 2.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $1,503,000 after acquiring an additional 243 shares during the last quarter. MRA Advisory Group bought a new stake in shares of TKO Group in the 4th quarter worth about $211,000. Assenagon Asset Management S.A. acquired a new stake in shares of TKO Group in the 4th quarter valued at about $3,383,000. Park Avenue Securities LLC lifted its position in shares of TKO Group by 59.2% during the fourth quarter. Park Avenue Securities LLC now owns 13,004 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,836 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new position in shares of TKO Group during the fourth quarter worth about $443,000. 89.79% of the stock is currently owned by hedge funds and other 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.