TKO Group (NYSE:TKO) Given New $222.00 Price Target at JPMorgan Chase & Co.

TKO Group (NYSE:TKO) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $225.00 to $222.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.79% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Citizens Jmp started coverage on shares of TKO Group in a research report on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 price objective on the stock. Weiss Ratings upgraded TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $233.87.

TKO Group Price Performance

NYSE:TKO traded down $1.99 during trading hours on Tuesday, hitting $180.80. 156,643 shares of the company’s stock traded hands, compared to its average volume of 1,292,773. The firm has a market cap of $35.10 billion, a P/E ratio of 67.45 and a beta of 0.60. TKO Group has a 52 week low of $152.29 and a 52 week high of $226.94. The business’s fifty day simple moving average is $196.30 and its two-hundred day simple moving average is $199.06. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company earned $0.69 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, research analysts anticipate that TKO Group will post 4.94 earnings per share for the current fiscal year.

Insider Activity at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer purchased 2,696 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $185.44 per share, with a total value of $499,946.24. Following the transaction, the chief financial officer directly owned 30,240 shares in the company, valued at approximately $5,607,705.60. The trade was a 9.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Emanuel purchased 10,805 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $185.09 per share, for a total transaction of $1,999,897.45. Following the completion of the transaction, the chief executive officer owned 154,655 shares in the company, valued at approximately $28,625,093.95. This represents a 7.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 24,308 shares of company stock valued at $4,499,679 and have sold 28,696 shares valued at $5,511,785. Company insiders own 64.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in TKO Group in the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its position in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Torren Management LLC bought a new stake in TKO Group in the 4th quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new position in TKO Group in the 2nd quarter worth about $34,000. Finally, Aventura Private Wealth LLC bought a new position in TKO Group during the 4th quarter valued at about $35,000. Hedge funds and other 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.