Envestnet Asset Management Inc. boosted its position in shares of World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,974 shares of the company’s stock after buying an additional 2,411 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of World Wrestling Entertainment worth $3,424,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in World Wrestling Entertainment by 0.5% during the third quarter. Vanguard Group Inc. now owns 4,082,547 shares of the company’s stock worth $286,473,000 after buying an additional 20,673 shares during the period. Ninety One UK Ltd grew its holdings in shares of World Wrestling Entertainment by 1.0% in the fourth quarter. Ninety One UK Ltd now owns 2,578,778 shares of the company’s stock worth $176,698,000 after purchasing an additional 25,941 shares during the last quarter. State Street Corp grew its holdings in shares of World Wrestling Entertainment by 3.4% in the first quarter. State Street Corp now owns 1,174,998 shares of the company’s stock worth $73,367,000 after purchasing an additional 38,145 shares during the last quarter. Northern Trust Corp grew its holdings in World Wrestling Entertainment by 30.1% during the 1st quarter. Northern Trust Corp now owns 891,045 shares of the company’s stock worth $55,636,000 after acquiring an additional 206,413 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew 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 acquiring an additional 46,351 shares in the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.
World Wrestling Entertainment Trading Up 1.5 %
Shares of WWE opened at $108.84 on Wednesday. World Wrestling Entertainment, Inc. has a 52-week low of $58.31 and a 52-week high of $110.24. 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 firm’s fifty day moving average is $97.53 and its two-hundred day moving average is $86.55. The stock has a market cap of $8.10 billion, a PE ratio of 55.82 and a beta of 1.19.
World Wrestling Entertainment Dividend Announcement
Analyst Upgrades and Downgrades
Several brokerages have issued reports on WWE. StockNews.com began coverage on shares of World Wrestling Entertainment in a report on Monday. They set a “hold” rating on the stock. Wells Fargo & Company raised their price target on shares of World Wrestling Entertainment from $100.00 to $109.00 in a report on Wednesday, May 3rd. Citigroup raised their price target on shares of World Wrestling Entertainment from $115.00 to $125.00 in a report on Thursday, May 11th. Wolfe Research cut shares of World Wrestling Entertainment from an “outperform” rating to a “peer perform” rating in a report on Monday, January 30th. Finally, Morgan Stanley raised their price target on shares of World Wrestling Entertainment from $120.00 to $125.00 in a report on Thursday, May 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.56.
World Wrestling Entertainment Profile
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.
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