TKO Group (NYSE:TKO) Price Target Cut to $237.00 by Analysts at BTIG Research

TKO Group (NYSE:TKO) had its price target decreased by analysts at BTIG Research from $250.00 to $237.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 10.89% from the stock’s previous close.

Several other analysts also recently weighed in on TKO. JPMorgan Chase & Co. raised their target price on TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research note on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Wolfe Research restated an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a research note on Monday, December 15th. Finally, Pivotal Research boosted their price objective on TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $228.87.

TKO Group Price Performance

Shares of TKO stock opened at $213.73 on Thursday. The firm has a fifty day simple moving average of $207.28 and a 200-day simple moving average of $195.66. The company has a market capitalization of $41.69 billion, a PE ratio of 81.89 and a beta of 0.65. TKO Group has a twelve month low of $133.07 and a twelve month high of $218.11. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42.

Insiders Place Their Bets

In other TKO Group news, insider Seth D. Krauss sold 2,271 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total transaction of $455,812.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew M. Schleimer sold 11,978 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the completion of the sale, the chief financial officer owned 27,544 shares in the company, valued at $5,563,337.12. The trade was a 30.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 168,840 shares of company stock worth $34,231,966. 61.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors have recently added to or reduced their stakes in the company. Amundi boosted its stake in TKO Group by 338.7% during the first quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after buying an additional 1,050 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of TKO Group by 10.7% during the 1st quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock valued at $1,083,000 after acquiring an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock worth $1,341,000 after purchasing an additional 8,595 shares during the period. United Services Automobile Association purchased a new stake in shares of TKO Group during the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of TKO Group by 127.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after purchasing an additional 286 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.