TKO Group (NYSE:TKO) PT Raised to $132.00 at JPMorgan Chase & Co.

TKO Group (NYSE:TKO) had its price target lifted by JPMorgan Chase & Co. from $126.00 to $132.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on the stock. TD Cowen upgraded shares of TKO Group from a hold rating to a buy rating and upped their target price for the company from $92.00 to $127.00 in a research report on Wednesday, May 15th. Redburn Atlantic assumed coverage on TKO Group in a report on Thursday, July 18th. They issued a buy rating and a $129.00 target price for the company. UBS Group lifted their price objective on TKO Group from $115.00 to $135.00 and gave the stock a buy rating in a research note on Friday. Jefferies Financial Group boosted their price objective on TKO Group from $120.00 to $131.00 and gave the company a buy rating in a report on Friday, April 12th. Finally, Morgan Stanley upped their price target on TKO Group from $115.00 to $118.00 and gave the stock an equal weight rating in a report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TKO Group has an average rating of Moderate Buy and a consensus price target of $119.07.

TKO Group Trading Up 0.5 %

NYSE:TKO traded up $0.54 during trading hours on Friday, reaching $118.21. 239,575 shares of the company were exchanged, compared to its average volume of 1,138,934. The stock has a 50 day simple moving average of $108.24 and a 200 day simple moving average of $97.57. The firm has a market cap of $20.13 billion, a price-to-earnings ratio of -117.30 and a beta of 1.04. TKO Group has a 52-week low of $72.33 and a 52-week high of $120.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.72 EPS 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 for the quarter, compared to the consensus estimate of $771.54 million. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 178.9% compared to the same quarter last year. As a group, analysts predict that TKO Group will post 4.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Nick Khan sold 22,693 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at $23,218,499.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in TKO Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock worth $524,899,000 after buying an additional 79,166 shares during the period. Ninety One UK Ltd raised its position in shares of TKO Group by 12.7% during the 4th quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock worth $351,069,000 after buying an additional 485,105 shares in the last quarter. Darlington Partners Capital Management LP raised its holdings in shares of TKO Group by 17.9% in the 4th quarter. Darlington Partners Capital Management LP now owns 2,120,406 shares of the company’s stock worth $172,983,000 after purchasing an additional 322,126 shares in the last quarter. XN LP raised its holdings in shares of TKO Group by 100.9% in the 1st quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of TKO Group by 17.8% during the first quarter. Clearbridge Investments LLC now owns 1,644,844 shares of the company’s stock valued at $142,131,000 after acquiring an additional 247,987 shares during the period. Institutional investors and hedge funds 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.