Truist Financial Corp reduced its holdings in World Wrestling Entertainment, Inc. (NYSE:WWE – Get Rating) by 39.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,187 shares of the company’s stock after selling 2,756 shares during the quarter. Truist Financial Corp’s holdings in World Wrestling Entertainment were worth $294,000 as of its most recent SEC filing.
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Several other large investors also recently modified their holdings of the company. Xponance Inc. increased its position in shares of World Wrestling Entertainment by 1.5% during the third quarter. Xponance Inc. now owns 9,462 shares of the company’s stock worth $664,000 after buying an additional 144 shares during the period. Parallel Advisors LLC increased its position in shares of World Wrestling Entertainment by 26.5% during the second quarter. Parallel Advisors LLC now owns 745 shares of the company’s stock worth $47,000 after buying an additional 156 shares during the period. Captrust Financial Advisors increased its position in shares of World Wrestling Entertainment by 12.1% during the second quarter. Captrust Financial Advisors now owns 1,536 shares of the company’s stock worth $96,000 after buying an additional 166 shares during the period. US Bancorp DE increased its position in shares of World Wrestling Entertainment by 18.9% during the second quarter. US Bancorp DE now owns 1,138 shares of the company’s stock worth $71,000 after buying an additional 181 shares during the period. Finally, Allworth Financial LP boosted its stake in World Wrestling Entertainment by 84.4% during the third quarter. Allworth Financial LP now owns 402 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently issued reports on WWE shares. MKM Partners increased their target price on shares of World Wrestling Entertainment from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. StockNews.com started coverage on shares of World Wrestling Entertainment in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company raised shares of World Wrestling Entertainment from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $52.00 to $100.00 in a research note on Tuesday, January 17th. Loop Capital increased their target price on shares of World Wrestling Entertainment from $90.00 to $105.00 in a research note on Friday, January 6th. Finally, Morgan Stanley increased their target price on shares of World Wrestling Entertainment from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.20.
World Wrestling Entertainment Stock Performance
Shares of WWE stock opened at $86.77 on Thursday. World Wrestling Entertainment, Inc. has a one year low of $47.71 and a one year high of $93.63. The firm has a 50-day moving average of $78.49 and a 200-day moving average of $73.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $6.46 billion, a P/E ratio of 33.37 and a beta of 1.13.
World Wrestling Entertainment (NYSE:WWE – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $304.60 million during the quarter, compared to the consensus estimate of $285.73 million. World Wrestling Entertainment had a net margin of 17.29% and a return on equity of 54.64%. Equities research analysts forecast that World Wrestling Entertainment, Inc. will post 2.57 EPS for the current fiscal year.
World Wrestling Entertainment Profile
World Wrestling Entertainment, Inc is an integrated media and entertainment company. The firm is engaged in the production and distribution of content through various channels including the premium over-the-top network monetized through license arrangements or through direct-to-consumer subscriptions, content rights agreements, premium live event programming, filmed entertainment, live events, licensing of various WWE themed products, and the sale of consumer products featuring its brands.
See Also
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