The Goldman Sachs Group Raises TKO Group (NYSE:TKO) Price Target to $165.00

TKO Group (NYSE:TKO) had its target price hoisted by analysts at The Goldman Sachs Group from $142.00 to $165.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 8.60% from the company’s current price.

Several other brokerages have also recently commented on TKO. Guggenheim raised their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Roth Mkm raised their target price on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.21.

TKO Group Stock Performance

TKO opened at $151.93 on Friday. The firm has a market cap of $25.94 billion, a PE ratio of -361.73 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $140.68 and a 200-day simple moving average of $125.46. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $153.89.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The company had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, equities analysts predict that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at TKO Group

In related news, major shareholder Patrick Whitesell bought 263,200 shares of the business’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the acquisition, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the transaction, the chief accounting officer now owns 2,225 shares in the company, valued at $315,816.50. The trade was a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 950,664 shares of company stock worth $137,096,831 and have sold 71,457 shares worth $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently made changes to their positions in TKO. Blue Trust Inc. grew its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in TKO Group by 3.3% during the third quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock valued at $379,000 after purchasing an additional 97 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of TKO Group by 17.4% in the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after acquiring an additional 101 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of TKO Group by 39.4% in the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after acquiring an additional 115 shares in the last quarter. 89.79% of the stock is currently owned by 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.