Horizon Kinetics buys Texas Pacific Land (TPL) share at $413
Horizon Kinetics Asset Management LLC recently purchased a single share of Texas Pacific Land Corp (TPL) for $413.96, increasing its direct ownership to 3,435,496 shares. This transaction occurred amidst a turbulent period for TPL, which saw a 16% decline in shares following the death of board member Murray Stahl, who was also CEO of Horizon Kinetics. Despite the stock being deemed overvalued by InvestingPro, KeyBanc reiterated an Overweight rating and raised its price target to $639, citing opportunities in power generation and data centers.
https://www.investing.com/news/insider-trading-news/horizon-kinetics-buys-texas-pacific-land-tpl-share-at-413-93CH-4615993