TKO Group Target of Unusually High Options Trading (NYSE:TKO)

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new position in TKO Group during the 3rd quarter worth approximately $419,731,000. XN LP increased its stake in shares of TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after buying an additional 996,161 shares during the period. TD Asset Management Inc raised its holdings in TKO Group by 215.3% during the 4th quarter. TD Asset Management Inc now owns 1,189,704 shares of the company’s stock valued at $97,056,000 after buying an additional 812,336 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in TKO Group during the 3rd quarter valued at $64,949,000. Finally, Norges Bank bought a new stake in TKO Group in the 4th quarter worth $42,998,000. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Trading Down 1.3 %

Shares of TKO stock opened at $110.75 on Wednesday. The company has a market capitalization of $18.86 billion, a PE ratio of -109.65 and a beta of 1.04. TKO Group has a 52-week low of $72.33 and a 52-week high of $113.30. The business’s fifty day moving average is $105.82 and its 200 day moving average is $92.93. 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:TKOGet Free Report) last announced its 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. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. The business had revenue of $629.70 million for the quarter, compared to the consensus estimate of $609.28 million. On average, equities research analysts anticipate that TKO Group will post 4.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on TKO shares. Roth Mkm boosted their target price on TKO Group from $112.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. TD Cowen raised TKO Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $92.00 to $127.00 in a research report on Wednesday, May 15th. Bank of America started coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a “buy” rating and a $100.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of TKO Group from $103.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Finally, Jefferies Financial Group lifted their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a “buy” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $113.46.

View Our Latest Report on TKO

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.

Further Reading

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