Tko group holdings sees $39.5m in stock purchases by Silver Lake

TKO Group Holdings, Inc. (NYSE:TKO) recently reported significant stock purchases by Silver Lake entities, as detailed in a recent SEC filing. On January 31 and February 3-4, 2025, Silver Lake West HoldCo, L.P., Silver Lake West HoldCo II, L.P., Silver Lake West VoteCo, L.L.C., and Egon Durban collectively acquired shares of TKO Group Holdings. The timing is notable as TKO’s stock has shown remarkable strength, delivering an 84% return over the past year according to InvestingPro data. The purchases totaled approximately $39.5 million, with prices ranging from $154.58 to $159.22 per share.

These transactions were executed under a Rule 10b5-1 trading plan by Endeavor Operating Company, LLC, which is indirectly managed by Silver Lake. Following these acquisitions, the holdings increased significantly, reflecting Silver Lake’s continued interest in TKO Group Holdings.

In other recent news, TKO Group Holdings has been the subject of several analyst adjustments and significant financial developments. Goldman Sachs raised TKO’s stock target to $165, maintaining a Buy rating, and forecasting robust fourth-quarter results for 2024. The firm anticipates revenue to reach $621 million, exceeding consensus estimates. Guggenheim also maintained a Buy rating, increasing its price target for TKO to $170, citing an updated model that boosts the forecast for the company’s adjusted EBITDA in 2025 and 2026.

Citi maintained its Buy rating on TKO and raised the stock’s price target from $137 to $170, with an updated forecast for the Ultimate Fighting Championship (UFC) rights. The firm expects the U.S. UFC renewal to increase from 1.4x to 1.7x, bringing the forecast up to $810 million.

On the legal front, former WWE CEO Vince McMahon settled charges with the Securities and Exchange Commission (SEC) for undisclosed agreements, leading to a restatement of WWE’s financial statements.

Lastly, TKO Group Holdings secured a $2.25 billion loan facility from its parent company, Endeavor Group Holdings, Inc. This loan facility does not constitute indebtedness at TKO itself but is secured by Endeavor’s equity interests in TKO. These are the latest developments in the ongoing financial narrative of TKO Group Holdings.

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