JPMorgan Chase & Co. Raises TKO Group (NYSE:TKO) Price Target to $182.00

TKO Group (NYSE:TKO) had its price target increased by equities researchers at JPMorgan Chase & Co. from $158.00 to $182.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.29% from the stock’s current price.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of TKO Group from $170.00 to $188.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Susquehanna began coverage on shares of TKO Group in a research report on Monday, April 28th. They set a “positive” rating and a $180.00 price target on the stock. Seaport Res Ptn upgraded shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Morgan Stanley boosted their price target on shares of TKO Group from $128.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Guggenheim boosted their price target on shares of TKO Group from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $166.25.

TKO Group Trading Down 2.1%

TKO Group stock opened at $156.50 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $154.50 and a two-hundred day moving average price of $148.51. The firm has a market capitalization of $26.79 billion, a price-to-earnings ratio of -372.62 and a beta of 0.73. TKO Group has a 52-week low of $100.76 and a 52-week high of $179.09.

TKO Group (NYSE:TKO) last posted its earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted ($1.26) EPS. TKO Group’s revenue was up 3.8% on a year-over-year basis. Sell-side analysts expect that TKO Group will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jonathan Kraft purchased 3,500 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the acquisition, the director now directly owns 23,500 shares of the company’s stock, valued at $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sonya E. Medina purchased 233 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $142.93 per share, for a total transaction of $33,302.69. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $285,860. This trade represents a 13.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 23,733 shares of company stock worth $3,561,318 in the last ninety days. 61.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Large investors have recently made changes to their positions in the company. Sentry Investment Management LLC purchased a new position in TKO Group during the first quarter valued at approximately $25,000. Hemington Wealth Management grew its position in TKO Group by 425.0% during the first quarter. Hemington Wealth Management now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 136 shares in the last quarter. Smartleaf Asset Management LLC grew its position in TKO Group by 559.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in TKO Group during the first quarter valued at approximately $26,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in TKO Group during the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.