TKO Group (NYSE:TKO) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn lowered shares of TKO Group (NYSE:TKO) from a strong-buy rating to a hold rating in a research note released 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.

A number of other research firms have also issued reports on TKO. Roth Mkm increased their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. UBS Group boosted their target price on shares of TKO Group from $135.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, TD Cowen boosted their price target on TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Price Performance

Shares of TKO opened at $174.49 on Tuesday. The firm has a market capitalization of $29.80 billion, a price-to-earnings ratio of -415.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s fifty day moving average is $148.99 and its 200-day moving average is $131.18. TKO Group has a one year low of $78.69 and a one year high of $179.09.

Insider Activity

In related news, major shareholder Patrick Whitesell acquired 263,200 shares of TKO Group stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $146.97 per share, for a total transaction of $38,682,504.00. Following the completion of the transaction, the insider now owns 418,587 shares of the company’s stock, valued at approximately $61,519,731.39. The trade was a 169.38 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew M. Schleimer sold 5,419 shares of TKO Group stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $141.94, for a total transaction of $769,172.86. Following the sale, the chief financial officer now owns 6,995 shares of the company’s stock, valued at approximately $992,870.30. This represents a 43.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. Corporate insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors have recently modified their holdings of TKO. Smartleaf Asset Management LLC raised its stake in shares of TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new stake in TKO Group in the fourth quarter valued at $32,000. Game Plan Financial Advisors LLC grew its holdings in TKO Group by 172.2% in the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company’s stock worth $35,000 after buying an additional 155 shares in the last quarter. Blue Trust Inc. increased its stake in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after buying an additional 89 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in TKO Group during the fourth quarter valued at about $38,000. 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.