Seaport Res Ptn downgraded shares of TKO Group (NYSE:TKO – Free Report) from a strong-buy rating to a hold rating in a research note published 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 analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised 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. Roth Mkm upped their price target on TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Benchmark cut TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup upped their target price on shares of TKO Group from $137.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and an average price target of $148.08.
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TKO Group Stock Down 1.2 %
Insider Activity at TKO Group
In related news, CEO Ariel Emanuel acquired 60,208 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $143.73 per share, for a total transaction of $8,653,695.84. Following the completion of the purchase, the chief executive officer now owns 1,734,530 shares in the company, valued at approximately $249,303,996.90. The trade was a 3.60 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Shane Kapral sold 1,034 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 2,225 shares of the company’s stock, valued at approximately $315,816.50. This trade represents a 31.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 2,498,297 shares of company stock valued at $387,671,461 and sold 71,457 shares valued at $10,153,456. 53.80% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On TKO Group
Several institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in shares of TKO Group during the second quarter worth $232,000. CWM LLC increased its holdings in TKO Group by 92.3% during the third quarter. CWM LLC now owns 646 shares of the company’s stock worth $80,000 after buying an additional 310 shares during the last quarter. Sumitomo Life Insurance Co. lifted 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 valued at $1,157,000 after purchasing an additional 250 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in TKO Group by 2.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company’s stock worth $1,157,000 after purchasing an additional 250 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of TKO Group by 52.4% during the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after acquiring an additional 89 shares during the period. 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.
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