TKO Group (NYSE:TKO) Price Target Raised to $200.00

Key Points

• UBS Group has raised its price target on TKO Group from $195.00 to $200.00, indicating a potential upside of 26.23% from the stock's current price.
• TKO Group's recent earnings report revealed an EPS of $1.17, missing estimates by $0.06, despite a 53.7% increase in revenue to $1.31 billion.
• Insiders have been actively trading shares, with major shareholder Lake West Voteco L.L.C Silver increasing their stake by 61.22% after purchasing over 1.5 million shares.

TKO Group (NYSE:TKO - Get Free Report) had its price target increased by equities research analysts at UBS Group from $195.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 26.23% from the stock's current price.

A number of other equities research analysts also recently issued reports on TKO. JPMorgan Chase & Co. increased their price target on TKO Group from $158.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Northcoast Research cut TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. Guggenheim upped their price target on shares of TKO Group from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Susquehanna assumed coverage on TKO Group in a report on Monday, April 28th. They issued a "positive" rating and a $180.00 price target on the stock. Finally, Sanford C. Bernstein began coverage on TKO Group in a research note on Wednesday, June 4th. They issued an "outperform" rating and a $190.00 price objective for the company. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.83.

TKO Group Stock Up 1.8%

Shares of NYSE:TKO traded up $2.83 during trading on Thursday, hitting $158.44. 1,182,327 shares of the company were exchanged, compared to its average volume of 1,284,814. The stock has a market cap of $31.36 billion, a price-to-earnings ratio of 80.42 and a beta of 0.72. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.29. TKO Group has a fifty-two week low of $112.38 and a fifty-two week high of $182.60. The firm has a fifty day moving average price of $169.55 and a two-hundred day moving average price of $160.30.

TKO Group (NYSE:TKO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, research analysts anticipate that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of TKO Group stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $158.32 per share, for a total transaction of $249,999,945.60. Following the acquisition, the insider directly owned 4,158,517 shares in the company, valued at $658,376,411.44. This represents a 61.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,519 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $167.36, for a total value of $1,593,099.84. Following the completion of the transaction, the director directly owned 146,975 shares in the company, valued at $24,597,736. This trade represents a 6.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,725 shares of company stock worth $12,501,561. Company insiders own 61.30% of the company's stock.

Hedge Funds Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC grew its position in shares of TKO Group by 3.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock valued at $261,000 after purchasing an additional 63 shares during the period. Retirement Systems of Alabama grew its stake in TKO Group by 0.5% in the second quarter. Retirement Systems of Alabama now owns 14,385 shares of the company's stock worth $2,617,000 after purchasing an additional 77 shares in the last quarter. Bessemer Group Inc. grew its position in shares of 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 acquiring an additional 78 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in shares of TKO Group by 1.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock valued at $1,155,000 after acquiring an additional 82 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in TKO Group by 5.8% during the second quarter. Metis Global Partners LLC now owns 1,584 shares of the company's stock worth $288,000 after purchasing an additional 87 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.