TKO Group (NYSE:TKO – Free Report) had its price objective decreased by Susquehanna from $235.00 to $224.00 in a research note published on Friday morning, MarketBeat reports. Susquehanna currently has a positive rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. BTIG Research reaffirmed a “buy” rating and issued a $237.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Roth Capital reissued a “buy” rating and set a $230.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Guggenheim increased their price objective on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. 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 report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.
View Our Latest Research Report on TKO Group
TKO Group Stock Up 0.1%
TKO stock opened at $175.66 on Friday. The stock’s fifty day simple moving average is $186.65 and its two-hundred day simple moving average is $190.63. 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 stock has a market cap of $33.25 billion, a P/E ratio of 61.64 and a beta of 0.67.
TKO Group (NYSE:TKO – Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Analysts expect that TKO Group will post 4.42 EPS for the current year.
TKO Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group’s dividend payout ratio (DPR) is presently 110.88%.
Insider Buying and Selling
In related news, CFO Andrew M. Schleimer sold 9,942 shares of the 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 owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. This represents a 20.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 the stock in a transaction dated 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 sale, the chief executive officer directly owned 174,334 shares in the company, valued at $33,888,786.26. This trade represents a 12.41% decrease in their position. 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. Insiders sold 110,323 shares of company stock valued at $21,152,080 over the last three months. Insiders own 64.30% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of TKO Group by 22.5% during the first quarter. Bank of America Corp DE now owns 1,393,727 shares of the company’s stock valued at $281,045,000 after purchasing an additional 256,305 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of TKO Group by 2,440.3% during the first quarter. Pacer Advisors Inc. now owns 135,346 shares of the company’s stock valued at $27,293,000 after buying an additional 130,018 shares during the last quarter. Hawk Ridge Capital Management LP boosted its position in shares of TKO Group by 16.5% during the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company’s stock valued at $83,411,000 after buying an additional 58,604 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of TKO Group during the second quarter valued at $9,698,000. Finally, Cat Rock Capital Management LP increased its holdings in TKO Group by 10.7% in the 2nd quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company’s stock worth $68,287,000 after buying an additional 32,700 shares in 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.
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