Seaport Res Ptn Downgrades TKO Group (NYSE:TKO) to Hold

TKO Group (NYSE:TKO) was downgraded by research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a note issued to investors 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.

Several other research firms have also recently weighed in on TKO. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. UBS Group increased their price objective on TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Roth Mkm upped their target price on TKO Group from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Stock Performance

TKO Group stock opened at $176.82 on Tuesday. TKO Group has a fifty-two week low of $78.69 and a fifty-two week high of $178.13. The firm’s 50 day simple moving average is $148.39 and its 200-day simple moving average is $130.87. 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 cap of $30.20 billion, a P/E ratio of -421.00 and a beta of 1.06.

Insider Buying and Selling

In other TKO Group news, major shareholder Patrick Whitesell acquired 245,887 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $142.45 per share, for a total transaction of $35,026,603.15. Following the completion of the acquisition, the insider now owns 1,825,030 shares of the company’s stock, valued at approximately $259,975,523.50. This trade represents a 15.57 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ariel Emanuel bought 117,769 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $175.40 per share, for a total transaction of $20,656,682.60. Following the completion of the acquisition, the chief executive officer now owns 2,579,437 shares of the company’s stock, valued at approximately $452,433,249.80. This represents a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,498,297 shares of company stock worth $387,671,461 and have sold 71,457 shares worth $10,153,456. 53.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of TKO Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company’s stock valued at $949,449,000 after purchasing an additional 114,096 shares during the period. Ninety One UK Ltd grew its stake in TKO Group by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company’s stock valued at $589,985,000 after buying an additional 163,980 shares during the last quarter. State Street Corp raised its holdings in TKO Group by 10.4% in the 3rd quarter. State Street Corp now owns 2,052,916 shares of the company’s stock worth $253,966,000 after acquiring an additional 192,602 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TKO Group by 2.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company’s stock worth $249,047,000 after acquiring an additional 47,768 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TKO Group by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company’s stock valued at $178,777,000 after acquiring an additional 13,181 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

About TKO Group

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.