Emanuel Ariel, the Chief Executive Officer of TKO Group Holdings, Inc. (NYSE:TKO), has made significant stock purchases, according to a recent SEC filing. Over the course of several transactions from January 31 to February 4, 2025, Ariel acquired a total of 253,632 shares of TKO’s Class A Common Stock. These purchases, executed through Endeavor Operating Company, LLC, amounted to approximately $39.55 million. The timing is notable as TKO’s stock has shown remarkable strength, delivering an 84% return over the past year and currently trading near its 52-week high of $159.72.
The transactions were carried out at prices ranging from $154.58 to $159.22 per share. The acquisitions were part of a pre-arranged trading plan under Rule 10b5-1, which was adopted on December 17, 2024, and is set to expire by March 31, 2025. Following these transactions, Ariel’s indirect holdings through Endeavor Operating Company now stand at 1,857,116 shares. With TKO’s market capitalization at $12.75 billion and its upcoming earnings report scheduled for February 26, InvestingPro subscribers can access 15+ additional exclusive insights about TKO’s financial health and growth prospects.
It’s important to note that Emanuel Ariel’s involvement in these transactions is through Endeavor Operating Company, LLC, and he may be deemed to share beneficial ownership of the securities held by Endeavor Group Holdings, Inc., although he disclaims any beneficial ownership except to the extent of his pecuniary interest. The company maintains a GOOD financial health score according to InvestingPro analysis, with liquid assets exceeding short-term obligations.
In other recent news, TKO Group Holdings has been the subject of several analyst reviews and company developments. Goldman Sachs (NYSE:GS) has increased TKO Group’s stock target to $165, expecting robust fourth-quarter results for 2024, particularly in its Live Events & Sponsorship segments. The firm predicts revenues to reach approximately $621 million. Guggenheim also raised TKO Group’s stock target to $170, citing strong performance and positive trends in TKO Group’s variable business segment.
Citi has maintained its Buy rating on TKO Group, increasing the stock’s price target to $170, with a steady outlook for World Wrestling Entertainment (WWE) and an updated forecast for the Ultimate Fighting Championship (UFC) rights. Furthermore, TKO Group Holdings secured a $2.25 billion loan facility from its parent company, Endeavor Group Holdings, Inc.
In other recent developments, former WWE CEO Vince McMahon settled charges with the Securities and Exchange Commission (SEC) for signing undisclosed agreements, leading to material misstatements in WWE’s 2018 and 2021 financial statements. These recent developments provide investors with a comprehensive view of the company’s recent financial and strategic moves.
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