7. TKO Group Holdings, Inc. (NYSE:TKO)
Highest Individual Purchase: $14,799,360.15
Number of Purchases Worth Between $10 million and $20 million: 3
Market Capitalization: $12.29 billion
TKO Group is a sports and entertainment giant that produces and licenses live events, TV programs, long- and short-form content, reality series, and more. It was formed by Endeavor (NYSE:EDR) as part of a merger between World Wrestling Entertainment and Zuffa, LLC, the parent company of the Ultimate Fighting Championship. The merger marked the first time WWE was no longer majority-controlled by the McMahon family, which had owned it for over 70 years.
Its content reaches over 1 billion households across approximately 210 countries and territories. Each year, the company organizes over 300 live events, attracting more than 2 million fans. TKO Group is also one of the 11 most expensive stocks insiders are buying recently.
Counting only purchases above $10 million, three investors, including the company’s CEO, acquired a total of $185.53 million in TKO Group shares at an average price of $163.80 per share. Of the total purchases, three were valued at $14.8 million each, falling within the $10 million to $20 million range. With the latest purchases, the company’s CEO, Ariel Emanuel, increased his holdings to 2.58 million TKO Group shares.
The stock is currently trading at $150.64, having gained 6% since the beginning of the year. Over the past five years, TKO Group shares have returned 84.45% to investors.
In February, the company announced that UFC and Monster Energy had signed a multiyear renewal of its long-standing partnership, under which Monster will continue as the exclusive global Official Energy Drink of UFC.
Eleven Wall Street analysts have given TKO Group stock an average “Strong Buy” rating, with a price target of $175.45 per share, data from TipRanks reveals.
