TKO Group sees $47.99m in stock purchases by Silver Lake affiliates

In a series of transactions reported on January 27, 2025, Silver Lake affiliates, including Silver Lake West HoldCo, L.P., Silver Lake West HoldCo II, L.P., and Silver Lake West VoteCo, L.L.C., acquired significant shares of TKO Group Holdings, Inc. (NYSE:TKO), a company currently valued at $26.16 billion and trading near its 52-week high of $154.25. The purchases, executed through Endeavor Operating Company, LLC, totaled approximately $47.99 million.

The transactions occurred on January 23 and January 24, 2025, with shares acquired at prices ranging from $147.87 to $153.96. These acquisitions were made under a Rule 10b5-1 trading plan adopted by Endeavor Operating Company, LLC, in December 2024, which is set to expire by March 31, 2025. According to InvestingPro, TKO has demonstrated remarkable performance with a 77.32% return over the past year.

The reporting persons involved in these transactions, including Egon Durban, a director of TKO Group Holdings, have a significant stake through their indirect ownership via Endeavor Group Holdings, Inc. The transactions highlight an ongoing commitment by Silver Lake affiliates to TKO Group Holdings, a company operating in the amusement and recreation services sector. With analyst price targets ranging from $115 to $200 and an overall GOOD financial health rating, InvestingPro subscribers can access 15 additional investment tips and detailed financial metrics for TKO.

In other recent news, TKO Group Holdings has seen a flurry of activity, with Goldman Sachs lifting the stock target to $165 and maintaining a Buy rating. The firm anticipates robust fourth-quarter results for 2024, forecasting revenue to reach approximately $621 million. Additionally, analyst firms Guggenheim, Citi, and BofA Securities have all maintained a Buy rating on TKO, with Guggenheim and Citi raising their stock targets to $170, and BofA Securities to $165.

TKO has secured a $2.25 billion loan facility and a $2.75 billion term loan, advancing its acquisition of several Endeavor Group Holdings businesses, including Professional Bull Riders, On Location, and IMG. Amid these developments, former WWE CEO Vince McMahon has settled undisclosed agreement charges with the SEC, agreeing to pay a $400,000 civil penalty and reimburse WWE $1,330,915.90.

These recent developments highlight the dynamic landscape of TKO Group Holdings and its strategic initiatives in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.