TKO Group Holdings, Inc. (NYSE:TKO) Stake Boosted by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC grew its stake in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 673,063 shares of the company's stock after purchasing an additional 106,297 shares during the period. TKO Group comprises approximately 1.0% of Gilder Gagnon Howe & Co. LLC's investment portfolio, making the stock its 28th largest holding. Gilder Gagnon Howe & Co. LLC owned 0.39% of TKO Group worth $95,649,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of TKO Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 6,681,087 shares of the company's stock worth $949,449,000 after buying an additional 114,096 shares during the period. 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 purchasing an additional 163,980 shares during the last quarter. Independent Franchise Partners LLP raised its holdings 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 worth $484,473,000 after acquiring an additional 235,420 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in TKO Group by 2.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,752,496 shares of the company's stock valued at $249,047,000 after purchasing an additional 47,768 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in TKO Group by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,255,099 shares of the company's stock valued at $178,777,000 after purchasing an additional 13,181 shares during the period. Institutional investors and hedge funds own 89.79% of the company's stock.

Insider Buying and Selling

In related news, CEO Ariel Emanuel bought 76,587 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $157.13 per share, for a total transaction of $12,034,115.31. Following the completion of the purchase, the chief executive officer now owns 1,857,116 shares in the company, valued at $291,808,637.08. This represents a 4.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Patrick Whitesell acquired 156,446 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average price of $175.60 per share, for a total transaction of $27,471,917.60. Following the purchase, the insider now directly owns 2,461,668 shares of the company's stock, valued at approximately $432,268,900.80. This trade represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,163,577 shares of company stock worth $191,541,458. 53.80% of the stock is owned by company insiders.

TKO Group Price Performance

Shares of TKO traded up $2.65 on Tuesday, reaching $163.08. The stock had a trading volume of 1,016,679 shares, compared to its average volume of 1,102,552. TKO Group Holdings, Inc. has a twelve month low of $94.63 and a twelve month high of $179.09. The firm has a market capitalization of $27.91 billion, a PE ratio of -388.29 and a beta of 0.90. The firm has a 50-day moving average of $149.57 and a 200 day moving average of $143.66. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 annualized dividend and a yield of 0.93%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TKO shares. Pivotal Research restated a "buy" rating and issued a $195.00 price objective (up from $145.00) on shares of TKO Group in a report on Thursday, February 27th. The Goldman Sachs Group boosted their price target on shares of TKO Group from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Morgan Stanley boosted their target price on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Benchmark reaffirmed a "hold" rating on shares of TKO Group in a report on Monday, March 3rd. Finally, Guggenheim reiterated a "buy" rating and issued a $175.00 price target on shares of TKO Group in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TKO Group presently has an average rating of "Moderate Buy" and a consensus target price of $161.08.

TKO Group 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.