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Jonathan Kraft, a director at TKO Group Holdings, Inc. (NYSE:TKO), has made significant stock purchases according to a recent SEC filing. On March 3 and March 7, Kraft acquired a total of 23,500 shares of Class A Common Stock. The transactions were completed at prices ranging from $140.69 to $152.23 per share, amounting to a total value of approximately $3.53 million. The purchases come as TKO, now valued at $24.27 billion, has delivered an impressive 74.81% return over the past year. According to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value estimates.
These purchases were made indirectly through KPC US Equity LLC, with the shares now totaling 23,500 following the transactions. This increase in holdings reflects Kraft’s continued investment in TKO Group Holdings, a company classified under the amusement and recreation services sector. The company maintains strong financial health with a current ratio of 1.3, indicating solid liquidity. Discover more insights about TKO and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro.
In other recent news, TKO Group Holdings reported fourth-quarter 2024 earnings that exceeded Wall Street forecasts, with revenues and adjusted EBITDA surpassing expectations. Following these results, TKO completed acquisitions of IMG, On Location, and Professional Bull Riders (PBR), which are part of its strategy to diversify and strengthen its market position. Analysts at TD Cowen raised their price target for TKO to $200, maintaining a Buy rating, citing robust trends across TKO’s properties and the positive impact of recent acquisitions. Meanwhile, Seaport Global Securities upgraded TKO from Neutral to Buy, setting a price target of $164, highlighting the potential benefits from the renewal of UFC broadcasting rights with Disney/ESPN.
Benchmark analysts, however, maintained a Hold rating, pointing out challenges such as escalating costs and uncertainties around UFC media rights renewal. The company also announced a new global boxing promotion partnership with Sela, aiming to enhance the sport’s global presence and develop boxing talent. Citi analysts reaffirmed their Buy rating with a $170 price target, expressing confidence in TKO’s strategic direction and financial growth prospects. Despite some concerns about TKO’s financial outlook for 2025, analysts like those from TD Cowen remain optimistic about the company’s long-term growth potential.
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