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Seth D. Krauss, Chief Legal and Administrative Officer at TKO Group Holdings, Inc. (NYSE:TKO), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Krauss sold 4,065 shares of Class A common stock on January 3, 2025, at an average price of $141.94 per share, near the stock's 52-week high of $149.40. This transaction amounted to a total value of approximately $576,986. The stock has shown remarkable strength, delivering an 80% return over the past year. InvestingPro analysis indicates the stock is currently trading at Fair Value, with analysts maintaining a Strong Buy consensus.
The sale was conducted under a Rule 10b5-1 instruction letter, which was established on November 14, 2023. The transaction was intended to cover Krauss's tax obligations related to the vesting of previously granted equity awards. Following this sale, Krauss retains ownership of 5,712 shares of the company's stock.
Additionally, the filing noted that Krauss exercised 9,777 restricted stock units on January 2, 2025. These units were converted into Class A common stock at no cost, as part of previously granted equity awards.
In other recent news, TKO Group Holdings has seen significant financial developments and strategic moves. Citi maintained its Buy rating and increased TKO's stock price target from $137.00 to $170.00, largely due to an updated forecast for the Ultimate Fighting Championship (UFC) rights. The company's acquisition of Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion has drawn mixed responses from analysts. BofA Securities maintained a Buy rating, increasing TKO's price target to $165, while Benchmark downgraded TKO shares from Buy to Hold due to potential growth dilution concerns.
TKO has also secured a $2.25 billion loan facility and a $2.75 billion term loan, demonstrating robust financial health. The company reported revenue of $2.78 billion and an EBITDA of $655.7 million. In addition, TKO settled a consolidated class-action antitrust lawsuit for $375 million. These are recent developments for TKO Group Holdings.
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