TKO Group (NYSE:TKO) Cut to Hold at Seaport Res Ptn

TKO Group (NYSE:TKO) was downgraded by equities researchers at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for TKO Group’s Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.40 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $3.83 EPS and FY2026 earnings at $5.46 EPS.

A number of other equities research analysts have also weighed in on TKO. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm increased their price objective on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Citigroup increased their price target on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.08.

TKO Group Stock Performance

Shares of TKO stock opened at $176.82 on Tuesday. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of -421.00 and a beta of 1.06. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $148.39 and its 200-day moving average price is $130.87. TKO Group has a 12 month low of $78.69 and a 12 month high of $178.13.

Insider Transactions at TKO Group

In related news, major shareholder Patrick Whitesell purchased 156,446 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now owns 2,461,668 shares of the company’s stock, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel Emanuel acquired 60,208 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the completion of the purchase, the chief executive officer now owns 1,734,530 shares of the company’s stock, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in TKO Group by 559.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Blue Trust Inc. lifted its stake in TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after purchasing an additional 89 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in TKO Group during the fourth quarter worth about $32,000. First Horizon Advisors Inc. lifted its holdings in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock worth $34,000 after acquiring an additional 231 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its position in TKO Group by 172.2% during the fourth quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock valued at $35,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.