TKO Group (NYSE:TKO) Shares Gap Down – Time to Sell?

TKO Group Holdings, Inc. (NYSE:TKO) shares gapped down prior to trading on Thursday . The stock had previously closed at $126.00, but opened at $119.00. TKO Group shares last traded at $118.71, with a volume of 225,042 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday. Roth Mkm increased their price target on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Guggenheim lifted their target price on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, UBS Group increased their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and an average target price of $132.21.

TKO Group Stock Down 8.5 %

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day simple moving average of $121.45 and a two-hundred day simple moving average of $110.91. The firm has a market capitalization of $19.68 billion, a PE ratio of -120.69 and a beta of 1.04.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). The business had revenue of $851.20 million during the quarter, compared to analysts’ expectations of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. TKO Group’s revenue for the quarter was up 178.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. Analysts forecast that TKO Group Holdings, Inc. will post 4.17 EPS for the current fiscal year.

Insider Activity at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 53.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently made changes to their positions in TKO. Vanguard Group Inc. increased its position in TKO Group by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after buying an additional 1,002,121 shares in the last quarter. TD Asset Management Inc raised its position in shares of TKO Group by 23.8% in the 1st quarter. TD Asset Management Inc now owns 1,473,435 shares of the company’s stock valued at $127,320,000 after purchasing an additional 283,731 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in TKO Group by 499.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock worth $742,000 after purchasing an additional 4,998 shares in the last quarter. Russell Investments Group Ltd. grew its position in TKO Group by 29.8% during the 1st quarter. Russell Investments Group Ltd. now owns 113,914 shares of the company’s stock worth $9,843,000 after purchasing an additional 26,168 shares during the last quarter. Finally, Sei Investments Co. increased its stake in TKO Group by 9.9% during the 1st quarter. Sei Investments Co. now owns 206,369 shares of the company’s stock valued at $17,832,000 after purchasing an additional 18,643 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.