TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Recommendation of "Moderate Buy" from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $108.31.

Several research analysts have commented on TKO shares. Morgan Stanley started coverage on shares of TKO Group in a report on Wednesday, February 14th. They issued an "equal weight" rating and a $95.00 price target for the company. Citigroup lifted their price objective on shares of TKO Group from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. Northcoast Research assumed coverage on shares of TKO Group in a research report on Tuesday, February 6th. They issued a "buy" rating and a $105.00 target price on the stock. Roth Mkm reiterated a "buy" rating and issued a $112.00 target price on shares of TKO Group in a research report on Friday, April 12th. Finally, Bank of America assumed coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a "buy" rating and a $100.00 target price on the stock.

TKO Group Stock Performance

TKO traded up $0.56 on Friday, hitting $96.76. The company's stock had a trading volume of 423,293 shares, compared to its average volume of 1,160,051. The company's 50 day simple moving average is $88.23 and its 200-day simple moving average is $83.13. The firm has a market cap of $16.64 billion, a P/E ratio of 142.29 and a beta of 1.06. TKO Group has a 12 month low of $72.33 and a 12 month high of $106.16. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a return on equity of 3.11% and a net margin of 3.02%. The business had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. Analysts forecast that TKO Group will post 2.38 EPS for the current year.

Insider Buying and Selling at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 38.90% of the company's stock.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in TKO Group by 20.1% during the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company's stock worth $489,101,000 after acquiring an additional 1,002,121 shares in the last quarter. Lindsell Train Ltd bought a new stake in TKO Group during the third quarter worth about $495,949,000. Ninety One UK Ltd boosted its stake in TKO Group by 12.7% during the fourth quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company's stock worth $351,069,000 after acquiring an additional 485,105 shares in the last quarter. Darlington Partners Capital Management LP boosted its stake in TKO Group by 17.9% during the fourth quarter. Darlington Partners Capital Management LP now owns 2,120,406 shares of the company's stock worth $172,983,000 after acquiring an additional 322,126 shares in the last quarter. Finally, FMR LLC bought a new position in shares of TKO Group in the third quarter worth approximately $136,131,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Company Profile

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.