Endeavor Group Holdings, Inc., led by Patrick Whitesell, has made significant stock purchases in TKO Group Holdings, Inc. (NYSE:TKO), a company currently valued at $28.4 billion. According to a recent SEC filing, Endeavor acquired a total of 218,896 shares of TKO Group’s Class A Common Stock over several transactions from February 5 to February 7, 2025.
The purchases, executed by Endeavor Operating Company, LLC under a Rule 10b5-1 trading plan, amounted to approximately $54.2 million. The stock was acquired at prices ranging from $158.14 to $167.79 per share, with the current price of $166.37 trading near its 52-week high. InvestingPro data shows the stock has delivered an impressive 93.6% return over the past year.
These transactions increase Endeavor’s holdings in TKO Group, with shares being held indirectly through Endeavor Operating Company, LLC. This strategic move reflects the ongoing interest and investment of Endeavor Group in TKO Group Holdings, which maintains a GOOD financial health score according to InvestingPro analysis. Subscribers can access 15+ additional insights about TKO’s valuation and growth prospects.
In other recent news, TKO Group Holdings has been the subject of several financial adjustments and developments. Goldman Sachs (NYSE:GS) has raised the stock target for TKO Group to $165, maintaining a Buy rating, anticipating robust fourth-quarter results for 2024, particularly in the Live Events & Sponsorship segments. The firm forecasts revenue to reach approximately $621 million, exceeding the consensus estimate of $611 million.
Meanwhile, Guggenheim has also increased its stock target for TKO Group to $170, maintaining a Buy rating. The raised outlook is partly due to higher renewal expectations for the UFC and WWE Pay-Per-View deals with Peacock. TKO Group’s integration of WWE and UFC is progressing well, with expense synergies exceeding $100 million and significant revenue synergies projected to be over $250 million.
In contrast, former WWE CEO Vince McMahon has settled charges with the Securities and Exchange Commission for signing two settlement agreements without disclosing them to the company’s Board of Directors, legal department, accountants, financial reporting personnel, or auditor.
Citi has maintained its Buy rating on TKO Group and increased the stock’s price target from $137.00 to $170.00, citing a steady outlook for WWE and an updated forecast for the UFC rights. Lastly, TKO Group Holdings has secured a $2.25 billion loan facility from its parent company, Endeavor Group Holdings, which has increased the facility size of a Margin Loan Agreement.
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