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Shane Kapral, the Chief Accounting Officer of TKO Group Holdings, Inc. (NYSE:TKO), recently sold 1,034 shares of Class A Common Stock, generating $146,765. The sale, executed on January 3, was part of a pre-established trading plan under Rule 10b5-1, designed to cover tax obligations related to vested equity awards. The shares were sold at a weighted average price of $141.94 each, near the stock's 52-week high of $149.40. According to InvestingPro, TKO has delivered an impressive 80% return over the past year.
In a related transaction on January 2, Kapral acquired 3,259 shares through the vesting of Restricted Stock Units (RSUs), which were granted on January 22, 2024. Following these transactions, Kapral's direct ownership stands at 2,225 shares in the $11.49 billion market cap company. InvestingPro analysis reveals the company maintains a GOOD financial health score, with 12 additional exclusive insights available to subscribers.
In other recent news, TKO Group Holdings saw its stock price target raised to $170 by Citi, largely due to an updated forecast for the Ultimate Fighting Championship (UFC) rights. This followed the company's notable financial developments, such as securing a $2.25 billion loan facility and a $2.75 billion term loan. Moreover, TKO Group Holdings has acquired Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion.
Analysts have offered mixed responses to these developments, with BofA Securities maintaining a Buy rating and increasing TKO's price target to $165, while Benchmark downgraded TKO shares from Buy to Hold due to potential growth dilution concerns.
TKO Group Holdings also settled a consolidated class-action antitrust lawsuit for $375 million. The company has been making significant progress in its strategic initiatives and financial health, with revenue of $2.78 billion and an EBITDA of $655.7 million. These are the recent developments for TKO Group Holdings.
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