TKO Group (NYSE:TKO) Stock Price Target Cut by The Goldman Sachs Group

TKO Group (NYSE:TKO) had its price target reduced by investment analysts at The Goldman Sachs Group from $220.00 to $215.00 in a report released on Tuesday. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group‘s price objective would suggest a potential upside of 25.47% from the stock’s previous close.

TKO has been the subject of a number of other reports. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Arete Research raised TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 price objective on the stock in a report on Tuesday, October 20th. Sanford C. Bernstein increased their price objective on TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Morgan Stanley raised their target price on TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.65.

TKO Group Trading Up 0.1%

Shares of NYSE:TKO traded up $0.12 during midday trading on Tuesday, hitting $171.35. 48,206 shares of the stock were exchanged, compared to its average volume of 1,215,473. The business’s 50-day moving average price is $184.39 and its 200 day moving average price is $194.03. TKO Group has a 12 month low of $170.18 and a 12 month high of $226.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 60.27 and a beta of 0.67.

TKO Group (NYSE:TKO) last posted its quarterly earnings results 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). The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. Analysts predict that TKO Group will post 4.43 earnings per share for the current year.

Insiders Place Their Bets

In other TKO Group news, CFO Andrew M. Schleimer sold 9,942 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $1,932,625.38. Following the sale, the chief financial officer owned 38,051 shares of the company’s stock, valued at $7,396,733.89. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel sold 24,702 shares of TKO Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $4,801,821.78. Following the sale, the chief executive officer owned 174,334 shares of the company’s stock, valued at approximately $33,888,786.26. This trade 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 valued at $18,798,012 in the last ninety days. Corporate insiders own 64.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Inspire Investing LLC increased its position in shares of TKO Group by 1.8% in the third quarter. Inspire Investing LLC now owns 10,493 shares of the company’s stock worth $1,886,000 after purchasing an additional 186 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in TKO Group by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 36,547 shares of the company’s stock valued at $6,568,000 after purchasing an additional 1,308 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in TKO Group by 1.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,772 shares of the company’s stock valued at $13,258,000 after purchasing an additional 1,090 shares during the last quarter. V Square Quantitative Management LLC lifted its position in TKO Group by 33.2% during the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock valued at $333,000 after purchasing an additional 462 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in TKO Group by 5.8% during the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock valued at $566,000 after purchasing an additional 155 shares during the last quarter. 89.79% of the stock is currently owned by 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.