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

Seaport Res Ptn cut shares of TKO Group (NYSE:TKO - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,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.

TKO has been the topic of a number of other reports. Citigroup raised their price target on shares of TKO Group from $137.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Benchmark lowered shares of TKO Group from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of TKO Group from $137.00 to $158.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. UBS Group increased their price objective on shares of TKO Group from $135.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Roth Mkm upped their price target on TKO Group from $146.00 to $148.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.08.

TKO Group Price Performance

NYSE TKO traded up $1.11 on Tuesday, hitting $175.60. The company had a trading volume of 1,453,471 shares, compared to its average volume of 798,429. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $29.99 billion, a PE ratio of -418.09 and a beta of 1.06. TKO Group has a 12-month low of $78.69 and a 12-month high of $179.09. The company's fifty day moving average price is $149.62 and its 200-day moving average price is $131.96.

Insiders Place Their Bets

In related news, CEO Ariel Emanuel bought 60,208 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the acquisition, the chief executive officer now owns 1,734,530 shares of the company's stock, valued at approximately $249,303,996.90. This trade represents a 3.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Patrick Whitesell purchased 156,446 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were purchased at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the purchase, the insider now directly owns 2,461,668 shares of the company's stock, valued at $432,268,900.80. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by insiders.

Institutional Investors Weigh In On TKO Group

Institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp grew its position in TKO Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 2,733 shares of the company's stock valued at $389,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of TKO Group by 28.2% in the fourth quarter. Blue Trust Inc. now owns 332 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the period. Bessemer Group Inc. grew its holdings in shares of TKO Group by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company's stock valued at $3,720,000 after purchasing an additional 78 shares in the last quarter. US Bancorp DE grew its holdings in shares of TKO Group by 18.0% in the fourth quarter. US Bancorp DE now owns 565 shares of the company's stock valued at $80,000 after purchasing an additional 86 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in TKO Group by 2.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,160 shares of the company's stock worth $449,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 89.79% of the company's stock.

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.