Patrick Whitesell, CEO of Endeavor Group Holdings, Inc. (NYSE:), has made significant acquisitions of shares of TKO Group Holdings, Inc. (NYSE:) Class A Regular. The timing is notable as TKO is trading near its 52-week high of $149.40, having risen more than 35% in the past six months. According to its most recent SEC filings, Whitesell purchased shares totaling about $50.3 million across several transactions.
The purchases were made through Endeavor Operating Company, LLC, as part of a pre-determined trading plan. The transactions took place between January 17 and 22, 2025, at prices ranging from $142.57 to $146.13 per share. As a result of these acquisitions, the shares owned by Endeavor Operations increased to 1,031,804 shares. InvestingPro The data shows that TKO has a market cap of $24.46 billion, with analysts maintaining a bullish outlook on the stock.
These transactions confirm Endeavor's continued investment in TKO Group Holdings, strengthening its stake in the company. Whitesell, a 10% owner, conducted these transactions indirectly through Endeavor Operating Company, LLC, and disclaims beneficial ownership except for his financial interest. according to InvestingProAnalysts expect TKO to become profitable this year, with 12 additional exclusive insights available to subscribers.
In other recent news, TKO Group Holdings has seen important developments. The company secured a $2.25 billion loan facility and made strides in financial initiatives with a $2.75 billion term loan. Additionally, TKO acquired Professional Bull Riders, On Location and IMG from Endeavor in an all-stock deal valued at $3.25 billion. Analysts from BofA Securities and Citi maintained a buy rating on TKO, although the benchmark for TKO shares was downgraded from buy to hold on potential concerns of weak growth. TKO also agreed to a $375 million settlement in a consolidated antitrust class action.
In parallel, former WWE CEO Vince McMahon settled charges with the Securities and Exchange Commission (SEC) for undisclosed agreements that bypassed WWE's system of internal accounting controls, resulting in material misstatements in WWE's 2018 and 2021 financial statements. These undisclosed agreements led WWE to overstate its 2018 net income by approximately 8 percent and its 2021 net income by approximately 1.7 percent. McMahon agreed to pay a civil penalty of $400,000 and compensate WWE in the amount of $1,330,915.90 under Section 304(a) of the Sarbanes-Oxley Act.
These are the latest developments for both TKO Group Holdings and WWE.
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