TKO Group (NYSE:TKO) Given Buy Rating at BTIG Research

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reissued by BTIG Research in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $237.00 price objective on the stock. BTIG Research‘s target price would suggest a potential upside of 33.55% from the stock’s previous close.

TKO has been the subject of several other reports. Morgan Stanley boosted their price objective on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Sanford C. Bernstein boosted their price objective on shares of TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Arete Research raised shares of TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Tuesday. Finally, Benchmark restated a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.62.

TKO Group Trading Down 0.3%

Shares of NYSE TKO traded down $0.48 during trading on Wednesday, hitting $177.47. 730,073 shares of the company traded hands, compared to its average volume of 1,222,487. TKO Group has a 1 year low of $170.92 and a 1 year high of $226.94. The company has a 50-day moving average price of $185.71 and a 200-day moving average price of $190.10. The firm has a market capitalization of $33.59 billion, a P/E ratio of 62.27 and a beta of 0.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58.

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

Insider Buying and Selling

In other TKO Group news, Director Nick Khan sold 9,589 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the completion of the transaction, the director owned 39,344 shares in the company, valued at $7,757,456.48. This represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel sold 24,702 shares of the company’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 value of $4,801,821.78. Following the completion of the transaction, the chief executive officer owned 174,334 shares of the company’s stock, valued at approximately $33,888,786.26. This represents a 12.41% 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. Insiders have sold 97,325 shares of company stock worth $18,798,012 in the last 90 days. 64.30% of the stock is owned by insiders.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in TKO Group by 3.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,547 shares of the company’s stock valued at $6,568,000 after buying an additional 1,308 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in TKO Group by 1.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,772 shares of the company’s stock valued at $13,258,000 after buying an additional 1,090 shares during the last quarter. V Square Quantitative Management LLC boosted its position in TKO Group by 33.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock valued at $333,000 after buying an additional 462 shares during the last quarter. QRG Capital Management Inc. boosted its position in TKO Group by 5.8% in the 2nd quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock valued at $566,000 after buying an additional 155 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in TKO Group by 26.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock valued at $563,000 after buying an additional 590 shares during 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 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.