In a recent series of transactions, Silver Lake West HoldCo, L.P., Silver Lake West HoldCo II, L.P., and Silver Lake West VoteCo, L.L.C. have collectively acquired shares in TKO Group Holdings, Inc. (NYSE:TKO) amounting to a total value of approximately $54.2 million. The company, currently valued at $28.4 billion, has seen its stock surge 93% over the past year. The purchases, executed through Endeavor Operating Company, LLC, occurred between February 5 and February 7, 2025.
The acquisitions involved a total of 218,896 shares of TKO Group Holdings’ Class A Common Stock, with purchase prices ranging from $158.14 to $167.79 per share. These transactions were conducted under a Rule 10b5-1 trading plan adopted by Endeavor Operating Company, LLC on December 17, 2024, and are set to expire on or before March 31, 2025. According to InvestingPro, the stock is trading near its 52-week high of $168.25, with analysts maintaining a strong buy consensus.
The purchases reflect continued interest and investment from Silver Lake’s entities in TKO Group Holdings, further consolidating their stake in the company. Silver Lake, known for its investments in technology and entertainment sectors, operates through various subsidiaries and investment funds, which do not directly hold any equity securities of TKO Group Holdings. InvestingPro analysis reveals the company maintains a GOOD financial health score, with 15+ additional insights available to subscribers.
In other recent news, TKO Group Holdings has been the subject of several significant developments. Goldman Sachs (NYSE:GS) and Guggenheim raised their stock targets for TKO Group to $165 and $170 respectively, maintaining a Buy rating in both cases. The upward revisions are based on anticipated robust fourth-quarter results for 2024, effective cost synergy realization, and higher renewal expectations for UFC and WWE Pay-Per-View deals.
Citi also maintained a Buy rating on TKO Group, increasing the stock’s price target to $170, citing a steady outlook for WWE and an updated forecast for UFC rights. In addition, TKO Group Holdings secured a $2.25 billion loan facility from its parent company, Endeavor Group Holdings, Inc. This financial maneuver does not constitute indebtedness at TKO itself but is a loan facility of Endeavor, secured by its equity interests in TKO.
Lastly, former WWE CEO Vince McMahon settled charges with the Securities and Exchange Commission for signing two undisclosed agreements on behalf of himself and WWE without proper disclosure. These recent developments reflect strategic moves and expectations surrounding TKO Group Holdings, as detailed by analysts from Goldman Sachs, Guggenheim, and Citi.
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