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Emanuel Ariel, the Chief Executive Officer of TKO Group Holdings, Inc. (NYSE:TKO), a company with a market capitalization of $30.17 billion, has reported a series of stock purchases totaling approximately $68.1 million. The transactions, executed by Endeavor Operating Company, LLC, occurred over a span of three days, from February 10 to February 12, 2025. The shares were acquired at prices ranging from $167.14 to $177.60 per share, near the stock’s 52-week high of $178.13. InvestingPro analysis indicates the stock is trading close to its Fair Value, following an impressive 101.87% gain over the past year.
These purchases were made under a Rule 10b5-1 trading plan adopted by Endeavor Operating Company, LLC, on December 17, 2024, set to expire by March 31, 2025. The transactions have increased the total shares owned by Emanuel Ariel through Endeavor Operating Company, LLC, to 2,579,437 shares. Additionally, Ariel holds 1,825,030 shares indirectly through WME IMG, LLC, and 66,179 shares directly. According to InvestingPro, which offers 18 additional investment insights for TKO, the company has shown significant momentum with a 24.3% return year-to-date.
The Form 4 filing with the Securities and Exchange Commission (SEC) indicates that these transactions do not involve any equity swaps. Emanuel Ariel, as a member of the governing body of Endeavor Group Holdings, Inc., is associated with these transactions through Endeavor Operating Company, LLC, though he disclaims beneficial ownership beyond his pecuniary interest. The insider buying comes as TKO demonstrates strong market performance, with InvestingPro data showing a notable 48.81% price return over the past six months.
In other recent news, UFC has renewed its global partnership with Thorne, emphasizing its commitment to athlete success and clean sport. This renewal will allow Thorne to continue as the Official Sports Performance Nutrition Partner and an Official Partner of the UFC Performance Institute, as well as a premier partner of the UFC’s Anti-Doping program.
On the financial front, Goldman Sachs and Guggenheim have raised their stock targets for TKO Group Holdings to $165 and $170, respectively. Both firms maintain a Buy rating and anticipate robust earnings and revenue results for TKO Group. Notably, Goldman Sachs expects fourth-quarter revenue to reach approximately $621 million, exceeding consensus estimates.
In corporate developments, former WWE CEO Vince McMahon has settled charges with the Securities and Exchange Commission for signing two undisclosed agreements. These agreements led to material misstatements in WWE’s 2018 and 2021 financial statements, overstating the net income by approximately 8 percent and 1.7 percent, respectively. McMahon has agreed to cease-and-desist from violating certain provisions, pay a $400,000 civil penalty, and reimburse WWE $1,330,915.90 under Section 304(a) of the Sarbanes-Oxley Act.
Lastly, Citi has maintained its Buy rating on TKO Group Holdings 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. These recent developments highlight the dynamic business environment and financial prospects for these companies.
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