TKO Group (NYSE:TKO) Given New $237.00 Price Target at BTIG Research

TKO Group (NYSE:TKO) had its price objective reduced by BTIG Research from $250.00 to $237.00 in a report issued on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

TKO has been the topic of several other reports. TD Cowen restated a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. Morgan Stanley set a $210.00 price objective on TKO Group in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Susquehanna reiterated a “positive” rating and issued a $251.00 price target on shares of TKO Group in a research note on Monday, January 19th. Finally, Zacks Research cut shares of TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $230.20.

TKO Group Trading Down 2.2%

Shares of TKO opened at $208.66 on Thursday. TKO Group has a 1-year low of $133.07 and a 1-year high of $218.11. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $207.37 and its 200-day moving average price is $195.75. The firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 79.95 and a beta of 0.65.

TKO Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.78 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, December 15th. This represents a $3.12 annualized dividend and a yield of 1.5%. TKO Group’s payout ratio is currently 119.54%.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 14,363 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total transaction of $2,901,038.74. Following the sale, the insider owned 118,400 shares in the company, valued at $23,914,432. This represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Seth D. Krauss sold 2,271 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $200.71, for a total value of $455,812.41. The disclosure for this sale is available in the SEC filing. Insiders sold 168,840 shares of company stock worth $34,231,966 in the last 90 days. Insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several large investors have recently bought and sold shares of TKO. Congress Asset Management Co. raised its stake in TKO Group by 20.9% during the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after purchasing an additional 94,100 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of TKO Group by 95.2% in the 3rd quarter. Moran Wealth Management LLC now owns 39,043 shares of the company’s stock worth $7,885,000 after buying an additional 19,040 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of TKO Group by 558.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 33,342 shares of the company’s stock valued at $6,734,000 after buying an additional 28,277 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of TKO Group during the 3rd quarter valued at about $2,678,000. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of TKO Group by 387.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,691 shares of the company’s stock valued at $1,399,000 after acquiring an additional 6,112 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.