TKO Group (NYSE:TKO) Downgraded to “Hold” Rating by Seaport Res Ptn

Seaport Res Ptn downgraded shares of TKO Group (NYSE:TKO) from a strong-buy rating to a hold rating in a report 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.

Several other brokerages have also recently issued reports on TKO. Citigroup lifted their target price on TKO Group from $137.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. UBS Group raised their price objective on TKO Group from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of TKO Group from $137.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Pivotal Research upped their price objective on shares of TKO Group from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three investment 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 company has an average rating of “Moderate Buy” and an average price target of $148.08.

TKO Group Price Performance

Shares of NYSE TKO opened at $176.82 on Tuesday. The stock has a market cap of $30.20 billion, a price-to-earnings ratio of -421.00 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. 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.

Insider Buying and Selling

In related news, CAO Shane Kapral sold 1,034 shares of TKO Group stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.94, for a total value of $146,765.96. Following the completion of the sale, the chief accounting officer now owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were acquired at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the acquisition, the insider now owns 2,461,668 shares of the company’s stock, valued at approximately $432,268,900.80. The trade was a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,498,297 shares of company stock valued at $387,671,461 and have sold 71,457 shares valued at $10,153,456. 53.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of TKO Group during the second quarter worth $232,000. CWM LLC lifted its holdings in TKO Group by 92.3% during the 3rd quarter. CWM LLC now owns 646 shares of the company’s stock worth $80,000 after purchasing an additional 310 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in TKO Group by 2.7% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,351 shares of the company’s stock worth $1,157,000 after purchasing an additional 250 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in TKO Group by 2.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company’s stock valued at $1,157,000 after buying an additional 250 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of TKO Group by 52.4% during the third 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. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.