The purchases were made under a Rule 10b5-1 trading plan, which was adopted on December 17, 2024 and expires on March 31, 2025. Following these transactions, Ariel’s indirect ownership in TKO Group Holdings increased to 1,031,804 shares. These acquisitions reflect Ariel’s continued confidence in the company’s prospects, aligned with his role as a key executive in TKO Group, which maintains a solid financial health rating according to InvestingPro data. With analysts predicting profitability this year and 14 additional exclusive insights available on InvestingPro, investors can gain a deeper understanding of TKO’s potential.
The purchases were made under a Rule 10b5-1 trading plan, which was adopted on December 17, 2024 and expires on March 31, 2025. Following these transactions, Ariel’s indirect ownership in TKO Group Holdings increased to 1,031,804 shares. These acquisitions reflect Ariel’s continued confidence in the company’s prospects, aligned with his role as a key executive in TKO Group, which maintains a solid financial health rating according to InvestingPro data. With analysts predicting profitability this year and 14 additional exclusive insights available on InvestingPro, investors can gain a deeper understanding of TKO’s potential.
In other recent news, World Wrestling Entertainment (NYSE: ) Inc.’s former CEO Vince McMahon has settled undisclosed contractual charges with the Securities and Exchange Commission (SEC). The undisclosed agreements led to material misstatements in WWE’s 2018 and 2021 financial statements. McMahon agreed to pay a civil penalty of $400,000 and to reimburse WWE $1,330,915.90 under Section 304(a) of the Sarbanes-Oxley Act.
In terms of mergers, TKO Group Holdings acquired Professional Bull Riders, On Location and IMG from Endeavor in an all-equity deal valued at $3.25 billion. The company also secured a $2.25 billion credit facility and a $2.75 billion term loan, strengthening its financial position.
In terms of analytical upgrades and downgrades, Citi maintained a Buy rating on TKO Group Holdings and increased its price target on the stock from $137.00 to $170.00. Meanwhile, BofA Securities also maintained a Buy rating on TKO stock and raised its price target to $165. However, Benchmark downgraded TKO shares from Buy to Hold due to concerns about possible dilution of growth.
In other company news, TKO Group Holdings has agreed to a $375 million settlement in a consolidated class action antitrust lawsuit. These are recent developments for TKO Group Holdings and World Wrestling Entertainment Inc.
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