World Wrestling Entertainment (NYSE:WWE) Earns Hold Rating from Analysts at StockNews.com

Posted by Defense World Staff on Jun 8th, 2023

Stock analysts at StockNews.com assumed coverage on shares of World Wrestling Entertainment (NYSE:WWE – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

A number of other research analysts have also recently issued reports on WWE. VNET Group reissued a “maintains” rating on shares of World Wrestling Entertainment in a report on Thursday, May 4th. Wells Fargo & Company raised their price objective on shares of World Wrestling Entertainment from $100.00 to $109.00 in a report on Wednesday, May 3rd. 1-800-FLOWERS.COM reissued a “maintains” rating on shares of World Wrestling Entertainment in a report on Thursday, May 4th. Loop Capital lifted their price objective on World Wrestling Entertainment from $105.00 to $125.00 in a research report on Thursday, May 4th. Finally, Guggenheim increased their target price on World Wrestling Entertainment from $105.00 to $114.00 in a report on Wednesday, April 12th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.56.

World Wrestling Entertainment Trading Down 1.3 %

Shares of World Wrestling Entertainment stock opened at $98.67 on Thursday. World Wrestling Entertainment has a 52-week low of $58.72 and a 52-week high of $110.24. The firm has a market capitalization of $7.35 billion, a PE ratio of 50.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.61 and a quick ratio of 1.60. The company’s fifty day moving average price is $102.94 and its two-hundred day moving average price is $89.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WWE. Ontario Teachers Pension Plan Board acquired a new position in World Wrestling Entertainment during the first quarter valued at approximately $928,000. Macquarie Group Ltd. acquired a new position in shares of World Wrestling Entertainment in the 1st quarter valued at $183,000. ProShare Advisors LLC acquired a new position in shares of World Wrestling Entertainment in the 1st quarter valued at $235,000. Hudson Bay Capital Management LP bought a new stake in shares of World Wrestling Entertainment in the 1st quarter valued at $7,997,000. Finally, Apollo Management Holdings L.P. acquired a new stake in World Wrestling Entertainment during the 1st quarter worth $6,459,000. 69.60% of the stock is currently owned by institutional investors.

About World Wrestling Entertainment

(Get Rating)

World Wrestling Entertainment, Inc is an integrated media and entertainment company, which engages in the production and distribution of content through various channels. It operates through the following business segments: Media, Live Events, and Consumer Products. The Media segment reflects the production and monetization of long-form and short-form video content across various platforms including WWE Network, broadcast and pay television, digital and social media, as well as filmed entertainment.