TKO Group (NYSE:TKO) Lowered to Hold Rating by Seaport Res Ptn

Seaport Res Ptn downgraded shares of TKO Group (NYSE:TKO) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for TKO Group’s Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.40 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $3.83 EPS and FY2026 earnings at $5.46 EPS.

A number of other equities analysts have also recently issued reports on TKO. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group upped their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. TD Cowen lifted their target price on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Citigroup upped their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their price target on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $148.08.

TKO Group Stock Performance

Shares of TKO Group stock opened at $176.82 on Tuesday. The company’s 50 day moving average price is $148.39 and its two-hundred day moving average price is $130.87. The firm has a market capitalization of $30.20 billion, a P/E ratio of -421.00 and a beta of 1.06. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $178.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

Insider Buying and Selling at TKO Group

In other TKO Group news, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $769,172.86. Following the completion of the sale, the chief financial officer now directly owns 6,995 shares in the company, valued at approximately $992,870.30. The trade was a 43.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell purchased 156,446 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were acquired at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the acquisition, the insider now directly owns 2,461,668 shares in the company, valued at approximately $432,268,900.80. This represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. Insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Large investors have recently bought and sold shares of the stock. Rahlfs Capital LLC acquired a new position in shares of TKO Group during the fourth quarter valued at about $1,494,000. Resona Asset Management Co. Ltd. bought a new stake in TKO Group in the 4th quarter valued at about $431,000. Wells Fargo & Company MN raised its stake in TKO Group by 31.0% during the 4th quarter. Wells Fargo & Company MN now owns 285,743 shares of the company’s stock worth $40,607,000 after buying an additional 67,544 shares during the period. Landscape Capital Management L.L.C. acquired a new position in TKO Group during the 4th quarter worth approximately $690,000. Finally, ExodusPoint Capital Management LP bought a new position in TKO Group in the fourth quarter worth approximately $10,859,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.