Analysts Set TKO Group Holdings, Inc. (NYSE:TKO) Target Price at $111.69

TKO Group Holdings, Inc. (NYSE:TKO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $111.69.

TKO has been the subject of several recent research reports. The Goldman Sachs Group began coverage on shares of TKO Group in a research report on Thursday, March 7th. They issued a "buy" rating and a $102.00 price objective for the company. Citigroup raised their price target on shares of 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 shares of TKO Group in a research report on Friday, March 15th. They set a "buy" rating and a $100.00 price target for the company. Roth Mkm raised their price target on shares of TKO Group from $112.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. Finally, TD Cowen raised shares of TKO Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $92.00 to $127.00 in a research report on Wednesday, May 15th.

TKO Group Stock Down 0.5 %

NYSE:TKO traded down $0.57 during trading hours on Wednesday, hitting $106.96. The stock had a trading volume of 908,390 shares, compared to its average volume of 1,301,743. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. TKO Group has a 1-year low of $72.33 and a 1-year high of $108.72. The business has a 50 day simple moving average of $94.58 and a two-hundred day simple moving average of $85.70. The company has a market cap of $18.22 billion, a PE ratio of -105.90 and a beta of 1.03.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The firm had revenue of $614.00 million during the quarter, compared to analyst estimates of $619.48 million. Analysts predict that TKO Group will post 4.51 EPS for the current year.

Insider Activity

In other news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the sale, the insider now directly owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Covestor Ltd bought a new position in TKO Group in the 3rd quarter worth approximately $27,000. Fifth Third Bancorp bought a new stake in shares of TKO Group during the third quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $27,000. Baker Avenue Asset Management LP bought a new stake in shares of TKO Group during the third quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new stake in shares of TKO Group during the fourth quarter valued at approximately $37,000. 89.79% of the stock is currently 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.