Stock Traders Purchase Large Volume of Put Options on TKO Group (NYSE:TKO)

TKO Group Holdings, Inc. (NYSE:TKOGet Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 2,500 put options on the company. This is an increase of approximately 26% compared to the typical daily volume of 1,979 put options.

Analysts Set New Price Targets

A number of equities research analysts have commented on TKO shares. Citigroup increased their price objective on shares of TKO Group from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Roth Mkm increased their price objective on shares of TKO Group from $112.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Jefferies Financial Group upped their target price on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Bank of America initiated coverage on shares of TKO Group in a research report on Friday, March 15th. They set a “buy” rating and a $100.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of TKO Group from $103.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.46.

Read Our Latest Stock Analysis on TKO

TKO Group Stock Performance

Shares of NYSE:TKO opened at $109.95 on Thursday. The company has a market capitalization of $18.73 billion, a price-to-earnings ratio of -108.86 and a beta of 1.04. The firm’s 50 day simple moving average is $106.11 and its 200 day simple moving average is $93.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. TKO Group has a fifty-two week low of $72.33 and a fifty-two week high of $113.30.

TKO Group (NYSE:TKOGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $1.63. The business had revenue of $629.70 million for the quarter, compared to the consensus estimate of $609.28 million. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. As a group, sell-side analysts forecast that TKO Group will post 4.19 earnings per share for the current year.

Institutional Trading of TKO Group

A number of hedge funds have recently modified their holdings of TKO. Advisors Asset Management Inc. bought a new stake in TKO Group during the 3rd quarter worth approximately $626,000. Ameriprise Financial Inc. bought a new stake in TKO Group during the 3rd quarter worth approximately $64,949,000. Sei Investments Co. bought a new stake in TKO Group during the 3rd quarter worth approximately $13,958,000. Braun Stacey Associates Inc. bought a new stake in TKO Group during the 3rd quarter worth approximately $12,460,000. Finally, Josh Arnold Investment Consultant LLC bought a new stake in TKO Group during the 3rd quarter worth approximately $1,235,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Company Profile

(Get Free Report)

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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