In a recent transaction reported to the Securities and Exchange Commission, Seth D. Krauss, the Chief Legal and Administrative Officer of TKO Group Holdings, Inc. (NYSE:TKO), sold a portion of his holdings in the company. On January 21, 2025, Krauss sold 2,438 shares of Class A Common Stock at a weighted average price of $143.8 per share, totaling approximately $350,584. The sale price sits near TKO's 52-week high of $149.40, with the stock showing remarkable strength, up nearly 60% over the past year according to InvestingPro data. This sale was executed under a Rule 10b5-1 plan, designed to help insiders plan stock trades in advance and avoid accusations of insider trading.
Following this transaction, Krauss holds 7,983 shares of TKO Group Holdings, currently valued at approximately $1.1 million based on the market price. Prior to this, on January 20, 2025, he acquired 4,709 shares through the vesting of Restricted Stock Units (RSUs), which were granted as part of his compensation package. These RSUs were converted into Class A Common Stock without any cash transaction involved. With TKO's next earnings report scheduled for March 4, 2025, and analysts maintaining a bullish outlook on the stock, investors can access detailed valuation metrics and 14 additional key insights through InvestingPro.
In other recent news, Vince McMahon, the former CEO of World Wrestling Entertainment Inc., has settled charges with the Securities and Exchange Commission (SEC) for undisclosed agreements. The undisclosed agreements resulted in material misstatements in WWE’s 2018 and 2021 financial statements. McMahon has agreed to pay a $400,000 civil penalty and reimburse WWE $1,330,915.90.
TKO Group Holdings has been in the spotlight, with Citi maintaining its Buy rating on the company and increasing the stock's price target from $137.00 to $170.00. The company has secured a $2.25 billion loan facility and made strides in its financial initiatives with a $2.75 billion term loan. Additionally, TKO Group Holdings has acquired Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion.
BofA Securities analyst Brent Navon increased the price target for TKO Group Holdings to $165 from $140, while reaffirming a Buy rating on the company's shares. However, Benchmark downgraded TKO shares from Buy to Hold due to potential concerns about recent acquisitions diluting growth and adjusted EBITDA margin. The company has also agreed to a $375 million settlement in a consolidated class-action antitrust lawsuit. These are recent developments for both WWE and TKO Group Holdings.
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