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

StockNews.com initiated coverage on shares of World Wrestling Entertainment (NYSE:WWE – Get Rating) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

Several other brokerages have also recently weighed in on WWE. Roth Capital reiterated a “buy” rating on shares of World Wrestling Entertainment in a research report on Friday, February 3rd. Loop Capital increased their price target on shares of World Wrestling Entertainment from $105.00 to $125.00 in a research report on Thursday, May 4th. Benchmark lowered World Wrestling Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Wolfe Research lowered World Wrestling Entertainment from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 30th. Finally, Wells Fargo & Company raised their price target on World Wrestling Entertainment from $100.00 to $109.00 in a research note on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.56.

World Wrestling Entertainment Stock Performance

Shares of WWE stock opened at $105.17 on Monday. The firm has a fifty day simple moving average of $96.48 and a two-hundred day simple moving average of $86.14. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7.83 billion, a PE ratio of 53.93 and a beta of 1.19. World Wrestling Entertainment has a 12 month low of $57.59 and a 12 month high of $110.24.

Institutional Investors Weigh In On World Wrestling Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wipfli Financial Advisors LLC acquired a new position in shares of World Wrestling Entertainment in the third quarter valued at about $32,000. Dark Forest Capital Management LP purchased a new position in World Wrestling Entertainment during the fourth quarter worth approximately $36,000. Allworth Financial LP boosted its position in World Wrestling Entertainment by 30.8% during the first quarter. Allworth Financial LP now owns 526 shares of the company’s stock worth $48,000 after purchasing an additional 124 shares in the last quarter. WD Rutherford LLC purchased a new position in shares of World Wrestling Entertainment in the third quarter valued at approximately $51,000. Finally, Spire Wealth Management purchased a new position in shares of World Wrestling Entertainment in the fourth quarter valued at approximately $53,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

World Wrestling Entertainment Company Profile

(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.