Pivotal Research Begins Coverage on TKO Group (NYSE:TKO)

Pivotal Research began coverage on shares of TKO Group (NYSE:TKO) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $170.00 price target on the stock.

Several other research firms have also issued reports on TKO. Bank of America began coverage on TKO Group in a research note on Tuesday, August 20th. They set a buy rating and a $140.00 price objective for the company. Redburn Atlantic assumed coverage on TKO Group in a research note on Thursday, July 18th. They issued a buy rating and a $129.00 target price for the company. TD Cowen raised their target price on TKO Group from $127.00 to $140.00 and gave the company a buy rating in a research note on Monday, August 12th. UBS Group raised their target price on TKO Group from $115.00 to $135.00 and gave the company a buy rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group restated a buy rating and issued a $132.00 target price on shares of TKO Group in a research note on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $127.13.

TKO Group Stock Up 1.7 %

Shares of TKO stock opened at $117.33 on Friday. The stock has a market cap of $19.98 billion, a P/E ratio of -116.17 and a beta of 1.04. TKO Group has a one year low of $72.33 and a one year high of $120.70. The stock has a fifty day moving average price of $113.12 and a 200 day moving average price of $103.33. 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 issued its earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period last year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 178.9% compared to the same quarter last year. Analysts predict that TKO Group will post 4.17 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The disclosure for this sale can be found here. Company insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. American International Group Inc. increased its position in shares of TKO Group by 10.1% during the 4th quarter. American International Group Inc. now owns 81,579 shares of the company’s stock worth $6,655,000 after purchasing an additional 7,456 shares during the last quarter. First Trust Bank Ltd. acquired a new position in shares of TKO Group during the 4th quarter worth approximately $3,034,000. Charles Schwab Investment Management Inc. increased its position in shares of TKO Group by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,442 shares of the company’s stock worth $29,894,000 after purchasing an additional 55,662 shares during the last quarter. Vanguard Group Inc. increased its position in shares of TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock worth $489,101,000 after purchasing an additional 1,002,121 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of TKO Group during the 4th quarter worth approximately $5,111,000. 89.79% of the stock is currently owned by institutional investors.

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.