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

TKO Group (NYSE:TKO) had its price objective cut by JPMorgan Chase & Co. from $225.00 to $222.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

TKO has been the topic of a number of other reports. BTIG Research restated a “buy” rating and issued a $237.00 price target on shares of TKO Group in a report on Thursday, May 7th. Wall Street Zen raised shares of TKO Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Guggenheim dropped their target price on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Roth Capital set a $228.00 target price on shares of TKO Group in a research report on Monday, May 4th. Finally, 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 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.87.

TKO Group Trading Down 0.5%

TKO opened at $181.81 on Tuesday. The stock has a market cap of $35.29 billion, a price-to-earnings ratio of 67.84 and a beta of 0.60. The stock’s 50 day moving average price is $196.27 and its 200-day moving average price is $198.87. TKO Group has a one year low of $152.29 and a one year high of $226.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company earned $0.69 EPS. TKO Group’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts forecast that TKO Group will post 4.94 EPS for the current year.

TKO Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 15th. This is a positive change from TKO Group’s previous quarterly dividend of $0.78. TKO Group’s dividend payout ratio (DPR) is currently 117.91%.

Insider Buying and Selling at TKO Group

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

Institutional Trading of TKO Group

A number of hedge funds have recently bought and sold shares of TKO. Elyxium Wealth LLC bought a new position in shares of TKO Group in the 4th quarter worth $27,000. Cornerstone Planning Group LLC boosted its position in 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 purchasing an additional 125 shares in the last quarter. Torren Management LLC purchased a new position in TKO Group in the fourth quarter valued at about $32,000. CYBER HORNET ETFs LLC purchased a new position in TKO Group in the second quarter valued at about $34,000. Finally, Aventura Private Wealth LLC bought a new position in TKO Group in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.