JPMorgan Chase & Co. Forecasts Strong Price Appreciation for TKO Group (NYSE:TKO) Stock

TKO Group (NYSE:TKO) had its price target upped by stock analysts at JPMorgan Chase & Co. from $220.00 to $225.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 13.73% from the company’s previous close.

Other equities research analysts have also issued reports about the company. TD Cowen increased their target price on TKO Group from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Sanford C. Bernstein increased their price objective on shares of TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Wolfe Research reissued an “outperform” rating and set a $227.00 target price on shares of TKO Group in a research note on Monday, December 15th. Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Guggenheim lifted their price target on TKO Group from $205.00 to $225.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $227.73.

TKO Group Stock Performance

NYSE TKO traded down $5.58 during trading hours on Wednesday, reaching $197.83. The company’s stock had a trading volume of 168,202 shares, compared to its average volume of 916,205. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $200.97 and a 200 day simple moving average of $190.61. TKO Group has a 52 week low of $133.07 and a 52 week high of $218.11. The stock has a market cap of $38.59 billion, a PE ratio of 75.65 and a beta of 0.62.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities research analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 32,022 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the completion of the transaction, the insider directly owned 104,842 shares of the company’s stock, valued at approximately $21,396,155.36. This trade represents a 23.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nick Khan sold 37,425 shares of TKO Group stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.01, for a total value of $7,635,074.25. Following the transaction, the director owned 122,868 shares in the company, valued at approximately $25,066,300.68. This trade represents a 23.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 114,409 shares of company stock valued at $23,111,434. 53.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TKO. State Street Corp grew its holdings in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares during the period. Norges Bank bought a new position in shares of TKO Group during the 2nd quarter valued at about $132,441,000. Ninety One UK Ltd boosted its position in shares of TKO Group by 14.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock valued at $882,459,000 after purchasing an additional 611,233 shares in the last quarter. Congress Asset Management Co. acquired a new position in shares of TKO Group in the 2nd quarter worth approximately $82,056,000. Finally, Alliancebernstein L.P. raised its holdings in shares of TKO Group by 551.8% in the 2nd quarter. Alliancebernstein L.P. now owns 494,964 shares of the company’s stock worth $90,059,000 after purchasing an additional 419,021 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.