JPMorgan Chase & Co. Issues Pessimistic Forecast for TKO Group (NYSE:TKO) Stock Price

TKO Group (NYSE:TKO) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $225.00 to $222.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.27% from the company’s current price.

TKO has been the topic of several other research reports. Weiss Ratings raised TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Citigroup downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Zacks Research raised shares of TKO Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Citizens Jmp began coverage on shares of TKO Group in a research note on Monday, March 30th. They set a “mkt outperform” rating and a $240.00 target price on the stock. Finally, Guggenheim lowered their price target on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and an average price target of $233.87.

TKO Group Trading Down 0.1%

NYSE:TKO opened at $181.57 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $35.25 billion, a price-to-earnings ratio of 67.75 and a beta of 0.60. TKO Group has a one year low of $152.29 and a one year high of $226.94. The business has a fifty day moving average price of $196.23 and a 200-day moving average price of $198.67.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.During the same period last year, the firm earned $0.69 EPS. TKO Group’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts forecast that TKO Group will post 4.94 EPS for the current year.

Insider Activity at TKO Group

In other news, CFO Andrew M. Schleimer bought 2,696 shares of TKO Group stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $185.44 per share, with a total value of $499,946.24. Following the completion of the acquisition, the chief financial officer owned 30,240 shares of the company’s stock, valued at $5,607,705.60. This trade represents a 9.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $182.63, for a total value of $1,751,239.07. Following the completion of the sale, the director owned 72,013 shares in the company, valued at $13,151,734.19. This represents a 11.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 24,308 shares of company stock worth $4,499,679 and have sold 28,696 shares worth $5,511,785. 64.30% of the stock is currently owned by corporate insiders.

Institutional Trading of TKO Group

Large investors have recently added to or reduced their stakes in the company. Amundi boosted its position in shares of TKO Group by 338.7% during the 1st quarter. Amundi now owns 1,360 shares of the company’s stock valued at $205,000 after acquiring an additional 1,050 shares during the last quarter. AQR Capital Management LLC increased its position in TKO Group by 10.7% in the first quarter. AQR Capital Management LLC now owns 7,222 shares of the company’s stock worth $1,083,000 after purchasing an additional 696 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TKO Group by 4,722.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,777 shares of the company’s stock valued at $1,341,000 after purchasing an additional 8,595 shares in the last quarter. United Services Automobile Association bought a new position in TKO Group during the first quarter valued at $218,000. Finally, Geneos Wealth Management Inc. lifted its position in TKO Group by 127.7% during the first quarter. Geneos Wealth Management Inc. now owns 510 shares of the company’s stock valued at $78,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

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.