TKO Group Holdings, Inc. (NYSE:TKO) Receives Average Rating of “Moderate Buy” from Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $108.31.

A number of analysts have recently issued reports on TKO shares. 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. Moffett Nathanson began coverage on shares of TKO Group in a research report on Monday, January 29th. They set a “neutral” rating and a $95.00 price target on the stock. Morgan Stanley started coverage on TKO Group in a report on Wednesday, February 14th. They issued an “equal weight” rating and a $95.00 price objective for the company. Northcoast Research began coverage on TKO Group in a report on Tuesday, February 6th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Citigroup raised their price target on TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th.

Insider Buying and Selling

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the completion of the sale, the insider now owns 9,875,129 shares of the company’s stock, valued at approximately $878,985,232.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TKO. Lindsell Train Ltd bought a new stake in shares of TKO Group during the third quarter worth approximately $495,949,000. Vanguard Group Inc. acquired a new position in TKO Group in the 3rd quarter valued at $419,731,000. FMR LLC bought a new position in TKO Group during the 3rd quarter worth $136,131,000. Clearbridge Investments LLC acquired a new stake in shares of TKO Group during the third quarter worth $118,378,000. Finally, Principal Financial Group Inc. bought a new stake in shares of TKO Group in the third quarter valued at about $89,333,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of NYSE TKO opened at $96.77 on Friday. The company has a fifty day moving average price of $88.23 and a 200 day moving average price of $83.13. TKO Group has a 1-year low of $72.33 and a 1-year high of $106.16. The firm has a market cap of $16.64 billion, a PE ratio of 142.31 and a beta of 1.06. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The firm had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. TKO Group had a return on equity of 3.11% and a net margin of 3.02%. Research analysts predict that TKO Group will post 2.38 earnings per share for the current fiscal year.

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.