TKO Group (NYSE:TKO) Earns "Buy" Rating from BTIG Research

TKO Group (NYSE:TKO - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at 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 price objective points to a potential upside of 32.14% from the company's previous close.

Several other brokerages also recently commented on TKO. Morgan Stanley raised their target price on shares of TKO Group from $225.00 to $230.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of TKO Group in a research note on Tuesday, August 4th. Roth Capital reissued a "buy" rating and issued a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. 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 research report on Friday, October 16th. Finally, JPMorgan Chase & Co. dropped their price target on TKO Group from $225.00 to $222.00 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $232.62.

TKO Group Stock Up 2.9%

Shares of NYSE TKO opened at $179.36 on Wednesday. The firm has a market capitalization of $33.95 billion, a PE ratio of 62.93 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. TKO Group has a 1 year low of $170.92 and a 1 year high of $226.94. The firm's 50-day moving average is $186.06 and its 200-day moving average is $190.29.

TKO Group (NYSE:TKO - Get Free Report) last issued its 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 the consensus estimate of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Equities analysts expect that TKO Group will post 4.43 EPS for the current year.

Insider Transactions at TKO Group

In other news, CFO Andrew Schleimer sold 9,942 shares of the business's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Shapiro sold 19,120 shares of the business'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 $3,716,736.80. Following the sale, the insider owned 147,071 shares in the company, valued at approximately $28,589,131.69. This trade represents a 11.50% 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. In the last three months, insiders have sold 97,325 shares of company stock valued at $18,798,012. 64.30% of the stock is currently owned by company insiders.

Institutional Trading of TKO Group

Several institutional investors have recently added to or reduced their stakes in TKO. Public Employees Retirement System of Ohio bought a new position in shares of TKO Group during the 2nd quarter worth approximately $9,698,000. Hsbc Holdings PLC raised its position in TKO Group by 38.1% in the 4th quarter. Hsbc Holdings PLC now owns 105,333 shares of the company's stock valued at $22,115,000 after buying an additional 29,076 shares during the last quarter. Fortis Capital Management LLC purchased a new stake in TKO Group in the 1st quarter valued at $6,023,000. Cat Rock Capital Management LP increased its position in shares of TKO Group by 10.7% during the 2nd 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 last quarter. Finally, Wellington Management Group LLP increased its position in shares of TKO Group by 1,125.0% during the 2nd quarter. Wellington Management Group LLP now owns 28,150 shares of the company's stock valued at $5,667,000 after purchasing an additional 25,852 shares during the last quarter. 89.79% of the stock is currently owned by 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.