World Wrestling Entertainment (NYSE:WWE) Now Covered by Analysts at StockNews.com

Posted by Defense World Staff on Aug 27th, 2023

Analysts at StockNews.com assumed coverage on shares of World Wrestling Entertainment (NYSE:WWE – Get Free Report) in a report released on Sunday. The firm set a “hold” rating on the stock.

Several other equities analysts also recently commented on WWE. Citigroup raised their target price on World Wrestling Entertainment from $115.00 to $125.00 in a research report on Thursday, May 11th. VNET Group restated a “maintains” rating on shares of World Wrestling Entertainment in a research note on Thursday, May 4th. Wells Fargo & Company increased their target price on shares of World Wrestling Entertainment from $100.00 to $109.00 in a research report on Wednesday, May 3rd. Loop Capital boosted their price target on shares of World Wrestling Entertainment from $105.00 to $125.00 in a research report on Thursday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 price objective on shares of World Wrestling Entertainment in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, World Wrestling Entertainment presently has an average rating of “Hold” and a consensus target price of $110.13.

View Our Latest Stock Analysis on World Wrestling Entertainment

World Wrestling Entertainment Price Performance

NYSE:WWE opened at $113.69 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.76 and a current ratio of 3.78. The company has a 50-day moving average of $108.00 and a 200-day moving average of $100.13. World Wrestling Entertainment has a 52 week low of $65.04 and a 52 week high of $118.04. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 55.73 and a beta of 1.14.

World Wrestling Entertainment (NYSE:WWE – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). The business had revenue of $410.30 million during the quarter, compared to analyst estimates of $398.54 million. World Wrestling Entertainment had a return on equity of 34.50% and a net margin of 12.65%. As a group, equities research analysts anticipate that World Wrestling Entertainment will post 2.67 earnings per share for the current fiscal year.

Institutional Trading of World Wrestling Entertainment

Hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC lifted its holdings in World Wrestling Entertainment by 6.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 767,630 shares of the company’s stock worth $47,931,000 after buying an additional 46,351 shares in the last quarter. US Bancorp DE lifted 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 acquiring an additional 343 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in World Wrestling Entertainment in the first quarter valued at about $235,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in World Wrestling Entertainment by 11,166.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,280 shares of the company’s stock worth $1,266,000 after purchasing an additional 20,100 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in World Wrestling Entertainment by 38.2% during the 1st quarter. MetLife Investment Management LLC now owns 29,949 shares of the company’s stock worth $1,870,000 after purchasing an additional 8,279 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

About World Wrestling Entertainment

(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.