Morgan Stanley Raises TKO Group (NYSE:TKO) Price Target to $160.00

TKO Group (NYSE:TKO) had its target price upped by investment analysts at Morgan Stanley from $128.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 0.57% from the stock’s current price.

A number of other equities research analysts have also issued reports on TKO. TD Cowen raised their price target on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Pivotal Research upped their price target on TKO Group from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Citigroup lifted their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TKO Group from $137.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, TKO Group has an average rating of “Moderate Buy” and a consensus price target of $151.58.

TKO Group Price Performance

TKO stock opened at $160.91 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group has a 52 week low of $78.69 and a 52 week high of $179.09. The firm’s fifty day moving average is $152.20 and its 200 day moving average is $134.02. The firm has a market cap of $27.48 billion, a P/E ratio of -382.14 and a beta of 1.06.

Insider Activity at TKO Group

In other news, CEO Ariel Emanuel purchased 117,769 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. Raymond James & Associates raised its stake in TKO Group by 13.5% in the third quarter. Raymond James & Associates now owns 24,421 shares of the company’s stock valued at $3,021,000 after buying an additional 2,904 shares during the last quarter. Signaturefd LLC boosted its holdings in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of TKO Group during the third quarter worth about $243,000. Finally, International Assets Investment Management LLC increased its holdings in shares of TKO Group by 12,275.0% during the third quarter. International Assets Investment Management LLC now owns 495 shares of the company’s stock valued at $61,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors 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.