TKO Group (NYSE:TKO) Hits New 12-Month High at $120.76

Shares of TKO Group Holdings, Inc. (NYSE:TKO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $120.76 and last traded at $119.82, with a volume of 210522 shares trading hands. The stock had previously closed at $117.26.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TKO shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $132.00 target price on shares of TKO Group in a research note on Thursday, September 12th. TD Cowen upped their target price on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Morgan Stanley increased their target price on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, UBS Group increased their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

TKO Group Trading Up 3.2 %

The business’s 50 day moving average price is $113.12 and its two-hundred day moving average price is $103.33. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of -116.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. During the same period in the prior year, the company posted $0.91 earnings per share. The company’s revenue was up 178.9% on a year-over-year basis. Equities analysts forecast that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TKO Group news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. Company insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in TKO Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after buying an additional 79,166 shares during the last quarter. Ninety One UK Ltd grew its stake in TKO Group by 15.9% in the 2nd quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after buying an additional 557,444 shares during the last quarter. Darlington Partners Capital Management LP grew its stake in TKO Group by 3.1% in the 2nd quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after buying an additional 90,868 shares during the last quarter. XN LP grew its stake in TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock valued at $171,381,000 after buying an additional 996,161 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after buying an additional 155,940 shares during the last quarter. 89.79% of the stock is currently 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.