Arete Research upgraded shares of TKO Group (NYSE:TKO – Free Report) from a neutral rating to a buy rating in a research report report published on Tuesday, MarketBeat reports. Arete Research currently has $208.00 target price on the stock.
Several other research firms have also commented on TKO. Susquehanna dropped their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating on the stock in a report on Friday, October 16th. Guggenheim raised their price target on TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley lifted their price target on TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Sanford C. Bernstein upped their price objective on TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. lowered their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.62.
Get Our Latest Stock Analysis on TKO
TKO Group Trading Down 0.3%
NYSE TKO opened at $177.47 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. TKO Group has a 52 week low of $170.92 and a 52 week high of $226.94. The stock has a market capitalization of $33.59 billion, a PE ratio of 62.27 and a beta of 0.67. The firm has a 50 day moving average of $185.27 and a two-hundred day moving average of $189.92.
TKO Group (NYSE:TKO – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. As a group, research analysts expect that TKO Group will post 4.43 EPS for the current fiscal year.
TKO Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, September 15th. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.
Insider Activity at TKO Group
In related news, Director Nick Khan sold 9,189 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $175.19, for a total value of $1,609,820.91. Following the completion of the sale, the director directly owned 20,162 shares of the company’s stock, valued at $3,532,180.78. The trade was a 31.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Shapiro sold 19,120 shares of the company’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 $3,716,736.80. Following the completion of the transaction, the insider owned 147,071 shares of the company’s stock, valued at $28,589,131.69. This represents a 11.50% 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 97,325 shares of company stock valued at $18,798,012 in the last ninety days. 64.30% of the stock is currently owned by insiders.
Institutional Trading of TKO Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Investing LLC grew its stake in TKO Group by 1.8% during the 3rd quarter. Inspire Investing LLC now owns 10,493 shares of the company’s stock worth $1,886,000 after buying an additional 186 shares during the last quarter. Nisa Investment Advisors LLC increased its position in TKO Group by 3.7% during the third quarter. Nisa Investment Advisors LLC now owns 36,547 shares of the company’s stock worth $6,568,000 after buying an additional 1,308 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased 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 worth $13,258,000 after buying an additional 1,090 shares during the period. V Square Quantitative Management LLC lifted its stake in TKO Group by 33.2% in the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock valued at $333,000 after buying an additional 462 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in TKO Group by 5.8% in the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock valued at $566,000 after buying an additional 155 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.
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