TKO Group (NYSE:TKO) Price Target Raised to $158.00 at JPMorgan Chase & Co.

TKO Group (NYSE:TKO) had its price objective upped by JPMorgan Chase & Co. from $137.00 to $158.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently issued reports on TKO. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm increased their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted 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. Pivotal Research increased their target price on TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America assumed coverage on TKO Group in a report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $133.93.

TKO Group Trading Down 0.4 %

Shares of NYSE:TKO opened at $142.88 on Thursday. The firm’s 50 day moving average price is $127.94 and its 200-day moving average price is $118.04. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. TKO Group has a twelve month low of $74.25 and a twelve month high of $145.69.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The firm’s revenue was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. Research analysts predict that TKO Group will post 3.88 EPS for the current year.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of the company’s 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 transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 53.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently bought and sold shares of the business. Petrus Trust Company LTA bought a new stake in shares of TKO Group during the third quarter worth $597,000. Massachusetts Financial Services Co. MA increased its stake in TKO Group by 29.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after buying an additional 383,869 shares during the period. Central Pacific Bank Trust Division lifted its holdings in TKO Group by 499.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after buying an additional 4,998 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TKO Group by 14.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,753 shares of the company’s stock valued at $56,010,000 after buying an additional 56,312 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in TKO Group by 1,439.7% in the 2nd quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after buying an additional 287,440 shares during the period. Hedge funds and other institutional investors 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.