Gilder Gagnon Howe & Co. LLC Has $95.65 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Gilder Gagnon Howe & Co. LLC raised its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 673,063 shares of the company's stock after acquiring an additional 106,297 shares during the quarter. TKO Group accounts for about 1.0% of Gilder Gagnon Howe & Co. LLC's portfolio, making the stock its 28th biggest holding. Gilder Gagnon Howe & Co. LLC owned 0.39% of TKO Group worth $95,649,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TKO Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after purchasing an additional 114,096 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 4,151,608 shares of the company's stock valued at $589,985,000 after buying an additional 163,980 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of TKO Group by 7.4% during the 4th quarter. Independent Franchise Partners LLP now owns 3,409,140 shares of the company's stock valued at $484,473,000 after acquiring an additional 235,420 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TKO Group by 2.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock worth $249,047,000 after acquiring an additional 47,768 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TKO Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock worth $178,777,000 after acquiring an additional 13,181 shares during the last quarter. Institutional investors own 89.79% of the company's stock.

Insider Buying and Selling

In related news, Director Sonya E. Medina bought 233 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $142.93 per share, for a total transaction of $33,302.69. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $285,860. This trade represents a 13.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Kraft purchased 3,500 shares of the firm's stock in a transaction on Friday, March 7th. The stock was bought at an average price of $140.69 per share, for a total transaction of $492,415.00. Following the completion of the transaction, the director now directly owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 997,560 shares of company stock worth $165,425,018 in the last quarter. 53.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TKO shares. Pivotal Research reaffirmed a "buy" rating and set a $195.00 target price (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. Guggenheim reiterated a "buy" rating and issued a $175.00 target price on shares of TKO Group in a report on Wednesday, April 23rd. Susquehanna began coverage on shares of TKO Group in a research report on Monday. They issued a "positive" rating and a $180.00 price target for the company. Morgan Stanley lifted their price objective on shares of TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, The Goldman Sachs Group raised their target price on TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TKO Group presently has an average rating of "Moderate Buy" and a consensus price target of $161.08.

TKO Group Stock Up 0.5 %

NYSE:TKO traded up $0.83 during mid-day trading on Thursday, reaching $163.74. The stock had a trading volume of 509,271 shares, compared to its average volume of 1,101,152. The stock has a market cap of $28.03 billion, a P/E ratio of -389.81 and a beta of 0.90. The business's 50 day moving average is $149.65 and its 200 day moving average is $143.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group Holdings, Inc. has a fifty-two week low of $94.72 and a fifty-two week high of $179.09.

TKO Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group's dividend payout ratio is currently 7,600.00%.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.