JPMorgan Chase & Co. Forecasts Strong Price Appreciation for TKO Group (NYSE:TKO) Stock

TKO Group (NYSE:TKO - Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $158.00 to $182.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 15.35% from the company's current price.

TKO has been the topic of several other reports. Pivotal Research reissued a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Susquehanna started coverage on shares of TKO Group in a research note on Monday, April 28th. They set a "positive" rating and a $180.00 target price on the stock. Morgan Stanley increased their target price on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Benchmark reissued a "hold" rating on shares of TKO Group in a research note on Monday, March 3rd. Finally, Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $166.25.

TKO Group Stock Performance

NYSE:TKO traded up $1.55 during mid-day trading on Wednesday, hitting $157.78. The company's stock had a trading volume of 1,314,987 shares, compared to its average volume of 1,112,840. TKO Group has a 1 year low of $100.76 and a 1 year high of $179.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of -375.67 and a beta of 0.73. The business's fifty day moving average is $154.75 and its two-hundred day moving average is $149.19.

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

Insiders Place Their Bets

In related news, Director Sonya E. Medina bought 233 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately $285,860. This trade represents a 13.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Kraft bought 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $151.78 per share, with a total value of $3,035,600.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $3,035,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 23,733 shares of company stock valued at $3,561,318 in the last ninety days. 61.30% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

Several institutional investors have recently added to or reduced their stakes in TKO. Assenagon Asset Management S.A. acquired a new stake in TKO Group in the 4th quarter valued at approximately $3,383,000. UMB Bank n.a. boosted its position in TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock valued at $39,000 after buying an additional 115 shares during the period. Barlow Wealth Partners Inc. boosted its position in TKO Group by 4.6% in the 4th quarter. Barlow Wealth Partners Inc. now owns 124,702 shares of the company's stock valued at $17,946,000 after buying an additional 5,523 shares during the period. SG Americas Securities LLC boosted its position in TKO Group by 202.1% in the 4th quarter. SG Americas Securities LLC now owns 3,668 shares of the company's stock valued at $521,000 after buying an additional 2,454 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in TKO Group by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,708 shares of the company's stock valued at $1,380,000 after buying an additional 398 shares during the period. Institutional investors and hedge funds 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.