The Goldman Sachs Group Raises TKO Group (NYSE:TKO) Price Target to $165.00

TKO Group (NYSE:TKO) had its price objective hoisted by analysts at The Goldman Sachs Group from $142.00 to $165.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 8.60% from the company’s current price.

Several other equities analysts have also issued reports on TKO. Guggenheim boosted their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 30th. TD Cowen increased their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Pivotal Research increased their price target on shares of TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Roth Mkm increased their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $141.21.

TKO Group Stock Performance

TKO stock opened at $151.93 on Friday. The company has a 50 day moving average price of $140.68 and a 200 day moving average price of $125.46. The stock has a market capitalization of $25.94 billion, a PE ratio of -361.73 and a beta of 1.07. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $153.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million for the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Analysts forecast that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling at TKO Group

In other news, CAO Shane Kapral sold 1,034 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $146,765.96. Following the completion of the transaction, the chief accounting officer now directly owns 2,225 shares in the company, valued at approximately $315,816.50. This represents a 31.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew M. Schleimer sold 5,419 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total transaction of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. This represents a 43.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 950,664 shares of company stock worth $137,096,831 and sold 71,457 shares worth $10,153,456. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of TKO Group by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,070 shares of the company’s stock worth $379,000 after purchasing an additional 97 shares in the last quarter. Quent Capital LLC boosted its position in shares of TKO Group by 17.4% during the 3rd quarter. Quent Capital LLC now owns 680 shares of the company’s stock worth $84,000 after purchasing an additional 101 shares in the last quarter. Signaturefd LLC boosted its position in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of TKO Group by 72.8% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the company’s stock worth $39,000 after purchasing an additional 115 shares in the last quarter. Institutional investors 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.