Endeavor Group’s Patrick Whitesell buys $50.3m in TKO Group stock By Investing.com

Patrick Whitesell, Executive Chairman of Endeavor Group Holdings, Inc. (NYSE:), has made a significant acquisition of TKO Group Holdings, Inc. (NYSE:) Class A common stock. Notable timing as TKO trades near its 52-week high of $149.40, has gained more than 35% over the past six months. According to recent SEC filings, Whitesell has purchased approximately 50.3 billion shares in several transactions.

The purchases were made through Endeavor Operating Company, LLC, as part of an established business plan. Transactions took place between January 17 and January 22, 2025, with prices ranging from $142.57 to $146.13 in total. As a result of these purchases, the shares of Endeavor Operating Company increased to 1,031,804. InvestingPro data shows that TKO commands a market capitalization of 24.46 billion dollars, with analysts maintaining a business outlook on the stock.

These transactions highlight Endeavor’s continued investment in TKO Group Holdings, further strengthening its stake in the company. Whitesell, who is a ten percent owner, made these transactions indirectly through Endeavor Operating Company, LLC, and disclaims beneficial ownership other than his cash interest. To follow InvestingProanalysts expect TKO to turn a profit this year, with 12 more unique features available to subscribers.

In other recent news, TKO Group Holdings has seen some big changes. The company received a $2.25 billion loan facility and advanced financing plans with a $2.75 billion term loan. Additionally, TKO acquired Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion. Analysts from BofA Securities and Citi maintained Buy ratings on TKO, although Benchmark downgraded TKO shares from Buy to Hold due to potential downside growth concerns. TKO also agreed to settle for $375 million in a consolidated antitrust lawsuit.

Similarly, former WWE CEO Vince McMahon settled charges with the SEC for undisclosed deals that bypassed WWE’s system of internal accounting controls, resulting in errors in WWE’s 2018 and 2021 financial statements. These unexplained deals resulted in WWE overstating 2018 revenue by nearly 8 percent and in 2021 by 1.7 percent. 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.

These are the latest developments of TKO Group Holdings and WWE.

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