TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Recommendation of “Moderate Buy” from Analysts

TKO Group Holdings, Inc. (NYSE:TKO) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $108.31.

TKO has been the topic of several recent analyst reports. Morgan Stanley began coverage on TKO Group in a research report on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price on the stock. Jefferies Financial Group increased their price objective on TKO Group from $120.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Moffett Nathanson assumed coverage on shares of TKO Group in a research report on Monday, January 29th. They set a “neutral” rating and a $95.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of TKO Group in a report on Thursday, March 7th. They issued a “buy” rating and a $102.00 price target for the company. Finally, TD Cowen assumed coverage on shares of TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price objective on the stock.

TKO Group Price Performance

TKO Group stock opened at $98.29 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day simple moving average of $89.01 and a 200-day simple moving average of $83.56. TKO Group has a 12 month low of $72.33 and a 12 month high of $106.16. The stock has a market capitalization of $16.90 billion, a PE ratio of 140.19 and a beta of 1.03.

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

Insider Activity at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group 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 of the company’s stock, valued at approximately $878,985,232.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 38.90% of the company’s stock.

Institutional Trading of TKO Group

A number of hedge funds have recently added to or reduced their stakes in TKO. Strengthening Families & Communities LLC acquired a new position in shares of TKO Group during the 3rd quarter valued at about $26,000. Fifth Third Bancorp acquired a new position in TKO Group during the third quarter worth approximately $27,000. Covestor Ltd purchased a new position in TKO Group during the third quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of TKO Group in the 4th quarter valued at $27,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of TKO Group during the 3rd quarter valued at $36,000. 89.79% of the stock is owned by institutional investors and hedge funds.

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.