TKO Group (NYSE:TKO) Stock Keeps “Buy” Rating at BTIG Research

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reaffirmed by BTIG Research in a report issued on Wednesday, Benzinga reports. They presently have a $237.00 price objective on the stock. BTIG Research‘s price target indicates a potential upside of 33.42% from the company’s current price.

Several other research firms also recently commented on TKO. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Seaport Research Partners reiterated a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Sanford C. Bernstein lifted their target price on TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Arete Research raised TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $232.62.

TKO Group Trading Down 1.1%

TKO Group stock traded down $2.00 during midday trading on Wednesday, reaching $177.64. 829,383 shares of the stock traded hands, compared to its average volume of 1,224,926. The firm has a market cap of $33.62 billion, a PE ratio of 62.33 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $186.06 and a two-hundred day simple moving average of $190.29. TKO Group has a 12-month low of $170.92 and a 12-month high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. Research analysts expect that TKO Group will post 4.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 19,120 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $3,716,736.80. Following the sale, the insider owned 147,071 shares of the company’s stock, valued at approximately $28,589,131.69. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the sale, the chief financial officer directly owned 38,051 shares in the company, valued at approximately $7,396,733.89. The trade was a 20.72% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 97,325 shares of company stock valued at $18,798,012. 64.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of TKO Group by 22.5% during the 1st quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock worth $281,045,000 after purchasing an additional 256,305 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of TKO Group by 2,440.3% during the 1st quarter. Pacer Advisors Inc. now owns 135,346 shares of the company’s stock worth $27,293,000 after purchasing an additional 130,018 shares during the period. Hawk Ridge Capital Management LP increased its holdings in shares of TKO Group by 16.5% in the 1st quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock valued at $83,411,000 after purchasing an additional 58,604 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of TKO Group in the 2nd quarter valued at about $9,698,000. Finally, Cat Rock Capital Management LP lifted its stake in shares of TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock valued at $68,287,000 after purchasing an additional 32,700 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.