TKO Group (NYSE:TKO) Price Target Raised to $182.00 at JPMorgan Chase & Co.

TKO Group (NYSE:TKO - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $158.00 to $182.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 12.70% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Pivotal Research reissued a "buy" rating and set a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Seaport Res Ptn upgraded shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Susquehanna began coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price objective for the company. Benchmark reiterated a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Finally, Guggenheim raised their target price on TKO Group from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.25.

TKO Group Trading Down 0.8%

Shares of NYSE TKO traded down $1.25 during midday trading on Wednesday, reaching $161.49. The company had a trading volume of 112,632 shares, compared to its average volume of 1,102,585. The stock has a market cap of $27.64 billion, a PE ratio of -384.61 and a beta of 0.73. TKO Group has a one year low of $100.76 and a one year high of $179.09. The firm's fifty day moving average price is $153.88 and its 200-day moving average price is $148.17. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

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

Insider Buying and Selling at TKO Group

In other news, Director Jonathan Kraft acquired 3,500 shares of the business's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $140.69 per share, with a total value of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. This represents a 17.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sonya E. Medina purchased 233 shares of TKO Group stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $285,860. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 23,733 shares of company stock worth $3,561,318. 61.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKO. Hemington Wealth Management grew its holdings in TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 136 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of TKO Group in the 1st quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Sentry Investment Management LLC bought a new position in TKO Group during the first quarter worth $25,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in TKO Group in the first quarter worth $27,000. 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.

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