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

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a report issued on Wednesday, Benzinga reports. They currently have a $237.00 target price on the stock. BTIG Research’s price target would suggest a potential upside of 32.14% from the company’s previous close.

A number of other research firms have also weighed in on TKO. Guggenheim cut their price objective on shares of TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday. Susquehanna reduced their target price on shares of TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a report on Friday, October 16th. Benchmark restated a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Morgan Stanley upped their price target on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $232.62.

TKO Group Price Performance

Shares of NYSE:TKO opened at $179.36 on Wednesday. TKO Group has a twelve month low of $170.92 and a twelve month high of $226.94. The company’s 50 day moving average is $186.06 and its 200 day moving average is $190.29. 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 market cap of $33.95 billion, a PE ratio of 62.93 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 analysts’ consensus estimates of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The business 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 business posted $1.17 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts forecast that TKO Group will post 4.43 EPS for the current year.

Insider Buying and Selling

In other news, Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $197.17, for a total transaction of $1,890,663.13. Following the completion of the transaction, the director directly owned 39,344 shares of the company’s stock, valued at $7,757,456.48. The trade was a 19.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel sold 24,702 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 97,325 shares of company stock valued at $18,798,012. Insiders own 64.30% of the company’s stock.

Institutional Trading of TKO Group

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of TKO Group by 1.5% in 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 acquiring an additional 1,090 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of TKO Group by 33.2% in the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock worth $333,000 after acquiring an additional 462 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of TKO Group by 5.8% in the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after acquiring an additional 155 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of TKO Group by 26.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after acquiring an additional 590 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.

About TKO Group

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.