Top 10 Insider Purchases Last Month

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1. TKO Group Holdings, Inc. (NYSE:TKO)

Total value of insider purchases in February: $447,604,781.43

Market capitalization: $12.01 billion

The stock that had the top insider purchases last month is a very well-known global sports and entertainment company – TKO Group. The Stamford, Connecticut-headquartered company produces and licenses a variety of content, including live events, TV programs, reality series, and both long- and short-form content. Its content reaches over 1 billion households in approximately 210 countries and territories. Each year, TKO Group organizes more than 300 live events, drawing in over two million fans.

TKO Group was formed by Endeavor (NYSE:EDR) through a merger between World Wrestling Entertainment and Zuffa, LLC, the parent company of the Ultimate Fighting Championship.

In February, three insiders, among which is the company’s CEO, acquired a total of around $447.61 million worth of TKO Group shares at an average price of $166.99 per share. Currently, the stock is trading at $147.29 per share, having gained 3.65% since the beginning of the year. Over the past 12 months, TKO Group returned 81.21% to its investors.

Thirteen analysts have given a “Strong Buy” rating to TKO Group stock, with a price target of $178.36, writes TipRanks.

Overall, TKO ranks first among the top 10 insider purchases last month. While we acknowledge the potential of TKO, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TKO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

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