TKO Group (NYSE:TKO) Coverage Initiated by Analysts at Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein began coverage on shares of TKO Group (NYSE:TKO - Get Free Report) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $190.00 price target on the stock. Sanford C. Bernstein's price target points to a potential upside of 12.52% from the company's previous close.

A number of other brokerages also recently weighed in on TKO. Susquehanna assumed coverage on TKO Group in a research report on Monday, April 28th. They set a "positive" rating and a $180.00 price objective on the stock. Guggenheim raised their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group boosted their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Benchmark restated a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Pivotal Research reaffirmed a "buy" rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $168.08.

TKO Group Stock Up 1.8%

TKO Group stock traded up $2.96 during midday trading on Wednesday, hitting $168.86. 871,689 shares of the company's stock were exchanged, compared to its average volume of 1,113,188. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $33.42 billion, a PE ratio of -402.04 and a beta of 0.73. The firm has a 50-day moving average of $156.04 and a two-hundred day moving average of $151.06. TKO Group has a 12 month low of $100.76 and a 12 month high of $179.09.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned ($1.26) earnings per share. As a group, analysts expect that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Activity at TKO Group

In other TKO Group news, Director Jonathan Kraft purchased 3,500 shares of TKO Group stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $140.69 per share, with a total value of $492,415.00. Following the acquisition, the director now owns 23,500 shares of the company's stock, valued at $3,306,215. This trade represents a 17.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sonya E. Medina purchased 233 shares of the stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $285,860. This represents a 13.19% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,582,813 shares of company stock worth $250,525,663. 61.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Focus Partners Advisor Solutions LLC increased its holdings in TKO Group by 3.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock worth $261,000 after acquiring an additional 63 shares in the last quarter. M&T Bank Corp lifted its stake in TKO Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. boosted its holdings in TKO Group by 28.2% in the 4th quarter. Blue Trust Inc. now owns 332 shares of the company's stock worth $47,000 after buying an additional 73 shares during the last quarter. Bessemer Group Inc. boosted its holdings in TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock worth $3,720,000 after buying an additional 78 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its stake in TKO Group by 1.1% during the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock worth $1,155,000 after buying an additional 82 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.