BTIG Research Lowers TKO Group (NYSE:TKO) Price Target to $237.00

TKO Group (NYSE:TKO) had its price objective decreased by equities researchers at BTIG Research from $250.00 to $237.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 12.31% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price objective on shares of TKO Group in a research report on Thursday, February 12th. Morgan Stanley set a $210.00 target price on TKO Group in a research report on Thursday, December 18th. Pivotal Research boosted their price objective on shares of TKO Group from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. lifted 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. Finally, Wolfe Research reiterated an “outperform” rating and issued a $227.00 target price on shares of TKO Group in a research report on Monday, December 15th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.20.

TKO Group Stock Performance

NYSE TKO opened at $211.02 on Thursday. The firm has a market capitalization of $41.17 billion, a P/E ratio of 80.85 and a beta of 0.65. 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 firm’s fifty day moving average price is $207.44 and its two-hundred day moving average price is $196.06. TKO Group has a 1 year low of $133.07 and a 1 year high of $218.11.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 37,425 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $204.01, for a total value of $7,635,074.25. Following the sale, the director directly owned 122,868 shares in the company, valued at $25,066,300.68. The trade was a 23.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 11,978 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total value of $2,419,316.44. Following the transaction, the chief financial officer owned 27,544 shares of the company’s stock, valued at $5,563,337.12. The trade was a 30.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,840 shares of company stock worth $34,231,966 in the last ninety days. Company insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently modified their holdings of TKO. State Street Corp boosted its stake in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock valued at $1,060,106,000 after buying an additional 887,401 shares during the period. Ninety One UK Ltd boosted its holdings in shares of TKO Group by 0.8% in the 4th quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after purchasing an additional 42,156 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after acquiring an additional 1,128,749 shares in the last quarter. XN LP boosted its position in TKO Group by 6.3% during the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock valued at $599,191,000 after buying an additional 169,574 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in TKO Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

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.