TKO Group (NYSE:TKO) Stock Gets Price Target Trim from The Goldman Sachs Group

TKO Group (NYSE:TKO) had its price target trimmed by The Goldman Sachs Group from $220.00 to $215.00 in a research note issued to investors on Tuesday. The firm currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on TKO. Arete Research raised TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 target price on the stock in a research report on Tuesday, October 20th. Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Susquehanna lowered their price target on TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a research report on Friday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Finally, Guggenheim cut their price objective on shares of TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.65.

TKO Group Price Performance

Shares of NYSE TKO opened at $178.43 on Tuesday. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of 62.61 and a beta of 0.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. TKO Group has a fifty-two week low of $170.14 and a fifty-two week high of $226.94. The firm’s 50-day simple moving average is $183.09 and its 200 day simple moving average is $193.63.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, research analysts anticipate that TKO Group will post 4.43 earnings per share for the current fiscal year.

TKO Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. TKO Group’s dividend payout ratio is 110.88%.

Insider Transactions at TKO Group

In other TKO Group news, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the sale, the director directly owned 39,344 shares in the company, valued at $7,757,456.48. The trade was a 19.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew M. Schleimer sold 9,942 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $1,932,625.38. Following the transaction, the chief financial officer directly owned 38,051 shares in the company, valued at $7,396,733.89. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 97,325 shares of company stock valued at $18,798,012 in the last three months. 64.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its stake in TKO Group by 2.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,665 shares of the company’s stock worth $479,000 after purchasing an additional 64 shares during the period. Allworth Financial LP grew its holdings in TKO Group by 12.2% during the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock valued at $124,000 after buying an additional 67 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of TKO Group by 4.0% during the first quarter. Wealthfront Advisers LLC now owns 2,324 shares of the company’s stock valued at $469,000 after buying an additional 89 shares during the period. Patton Fund Management Inc. increased its position in shares of TKO Group by 8.9% during the first quarter. Patton Fund Management Inc. now owns 1,219 shares of the company’s stock valued at $246,000 after buying an additional 100 shares during the period. Finally, Cornerstone Planning Group LLC increased its position in shares of 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 buying an additional 125 shares during the period. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.