TKO Group (NYSE:TKO) Sets New 1-Year High – Time to Buy?

Shares of TKO Group Holdings, Inc. (NYSE:TKO) reached a new 52-week high on Tuesday . The company traded as high as $174.60 and last traded at $173.39, with a volume of 1999349 shares trading hands. The stock had previously closed at $166.37.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TKO shares. JPMorgan Chase & Co. upped their price objective on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Pivotal Research boosted their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Roth Mkm raised their target price on shares of TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.08.

TKO Group Price Performance

The company’s 50-day simple moving average is $148.39 and its 200-day simple moving average is $130.87. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

Insider Transactions at TKO Group

In related news, CFO Andrew M. Schleimer sold 5,419 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total value of $769,172.86. Following the transaction, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell acquired 263,200 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $146.97 per share, with a total value of $38,682,504.00. Following the purchase, the insider now directly owns 418,587 shares in the company, valued at approximately $61,519,731.39. This represents a 169.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in TKO. Smartleaf Asset Management LLC lifted its position in shares of TKO Group by 559.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter worth about $32,000. Game Plan Financial Advisors LLC grew its stake in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares in the last quarter. Blue Trust Inc. increased its holdings in TKO Group by 52.4% in the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of TKO Group in the 4th quarter valued at approximately $38,000. 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.