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

Posted by Defense World Staff on Jul 18th, 2023

Research analysts at StockNews.com assumed coverage on shares of World Wrestling Entertainment (NYSE:WWE – Get Free Report) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

A number of other research firms have also recently commented on WWE. Wells Fargo & Company boosted their price target on World Wrestling Entertainment from $100.00 to $109.00 in a report on Wednesday, May 3rd. Benchmark downgraded World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Loop Capital increased their target price on World Wrestling Entertainment from $105.00 to $125.00 in a research report on Thursday, May 4th. Guggenheim increased their target price on World Wrestling Entertainment from $105.00 to $114.00 in a research report on Wednesday, April 12th. Finally, Morgan Stanley increased their target price on World Wrestling Entertainment from $120.00 to $125.00 in a research report on Thursday, May 4th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.56.

World Wrestling Entertainment Stock Down 0.9 %

WWE stock opened at $107.05 on Tuesday. World Wrestling Entertainment has a twelve month low of $63.10 and a twelve month high of $112.21. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.98 billion, a P/E ratio of 54.90 and a beta of 1.16. The business’s 50-day moving average price is $103.94 and its 200-day moving average price is $95.24.

World Wrestling Entertainment (NYSE:WWE – Get Free Report) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. World Wrestling Entertainment had a return on equity of 38.41% and a net margin of 13.24%. The company had revenue of $297.60 million for the quarter, compared to analysts’ expectations of $285.46 million. On average, equities research analysts forecast that World Wrestling Entertainment will post 2.74 EPS for the current year.

Institutional Trading of World Wrestling Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of WWE. Rice Hall James & Associates LLC increased its stake in World Wrestling Entertainment by 6.4% in the first quarter. Rice Hall James & Associates LLC now owns 767,630 shares of the company’s stock worth $47,931,000 after purchasing an additional 46,351 shares during the period. US Bancorp DE increased its stake in shares of World Wrestling Entertainment by 55.9% during the first quarter. US Bancorp DE now owns 957 shares of the company’s stock valued at $59,000 after buying an additional 343 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of World Wrestling Entertainment during the first quarter valued at $235,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of World Wrestling Entertainment by 11,166.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,280 shares of the company’s stock valued at $1,266,000 after buying an additional 20,100 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of World Wrestling Entertainment by 38.2% during the first quarter. MetLife Investment Management LLC now owns 29,949 shares of the company’s stock valued at $1,870,000 after buying an additional 8,279 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

World Wrestling Entertainment Company Profile

(Get Free Report)

World Wrestling Entertainment, Inc, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.