Jefferies Financial Group Boosts TKO Group (NYSE:TKO) Price Target to $131.00

TKO Group (NYSE:TKO - Get Free Report) had its target price lifted by research analysts at Jefferies Financial Group from $120.00 to $131.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 33.62% from the company's previous close.

TKO has been the topic of several other research reports. The Goldman Sachs Group began coverage on TKO Group in a research report on Thursday, March 7th. They issued a "buy" rating and a $102.00 price objective on the stock. TD Cowen began coverage on TKO Group in a research report on Friday, January 12th. They issued a "market perform" rating and a $92.00 price objective on the stock. Citigroup upped their price objective on TKO Group from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. Bank of America began coverage on TKO Group in a research report on Friday, March 15th. They issued a "buy" rating and a $100.00 price objective on the stock. Finally, Morgan Stanley began coverage on TKO Group in a research report on Wednesday, February 14th. They issued an "equal weight" rating and a $95.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.31.

TKO Group Stock Performance

NYSE TKO traded up $0.38 during trading hours on Friday, reaching $98.04. The stock had a trading volume of 1,509,180 shares, compared to its average volume of 1,477,678. The stock has a fifty day moving average of $86.06 and a 200 day moving average of $82.08. The stock has a market cap of $16.86 billion, a P/E ratio of 142.91 and a beta of 1.06. 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.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that TKO Group will post 2.39 earnings per share for the current year.

Insider Activity at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. 38.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TKO. Picton Mahoney Asset Management increased its stake in shares of TKO Group by 8.7% in the 4th quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company's stock worth $152,000 after acquiring an additional 150 shares during the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of TKO Group in the 3rd quarter worth $26,000. Quent Capital LLC acquired a new stake in shares of TKO Group in the 3rd quarter worth $27,000. Covestor Ltd acquired a new stake in shares of TKO Group in the 3rd quarter worth $27,000. Finally, Fifth Third Bancorp acquired a new stake in shares of TKO Group in the 3rd quarter worth $27,000. 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.