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 investment analysts at BTIG Research from $250.00 to $237.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target points to a potential upside of 10.89% from the company’s previous close.

Other analysts have also issued research reports about the company. TD Cowen reissued a “buy” rating on shares of TKO Group in a report on Monday, December 8th. JPMorgan Chase & Co. upped their price target on shares of TKO Group from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $240.00 price objective on shares of TKO Group in a research note on Thursday, February 12th. Morgan Stanley set a $210.00 target price on TKO Group in a research note on Thursday, December 18th. Finally, Zacks Research cut TKO Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.87.

TKO Group Stock Up 1.7%

Shares of NYSE TKO opened at $213.73 on Thursday. The stock has a market capitalization of $41.69 billion, a price-to-earnings ratio of 81.89 and a beta of 0.65. TKO Group has a 52 week low of $133.07 and a 52 week high of $218.11. The firm has a 50-day moving average price of $207.28 and a 200 day moving average price of $195.66. The company has a quick ratio of 1.46, a current 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 14,016 shares of TKO Group stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $201.22, for a total value of $2,820,299.52. Following the completion of the sale, the insider owned 2,271 shares in the company, valued at $456,970.62. The trade was a 86.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nick Khan sold 37,425 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.01, for a total transaction of $7,635,074.25. Following the completion of the sale, the director owned 122,868 shares of the company’s stock, valued at approximately $25,066,300.68. The trade was 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 three months, insiders have sold 168,840 shares of company stock valued at $34,231,966. 61.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TKO. Whittier Trust Co. raised its stake in shares of TKO Group by 350.0% in the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after acquiring an additional 105 shares during the period. Golden State Wealth Management LLC increased its holdings in TKO Group by 840.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares in the last quarter. Elyxium Wealth LLC purchased a new position in TKO Group in the fourth quarter valued at about $27,000. Cromwell Holdings LLC raised its position in TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Finally, Torren Management LLC acquired a new position in shares of TKO Group during the fourth quarter worth about $32,000. 89.79% of the stock is 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.