Does World Wrestling Entertainment, Inc. (WWE) Have More Gas After Achieving All Time High?

April 23, 2018 - By reb123z

World Wrestling Entertainment, Inc. (NYSE:WWE) Logo

Investors sentiment increased to 2.17 in Q4 2017. Its up 0.22, from 1.95 in 2017Q3. It increased, as 12 investors sold World Wrestling Entertainment, Inc. shares while 34 reduced holdings. 36 funds opened positions while 64 raised stakes. 40.16 million shares or 17.42% more from 34.20 million shares in 2017Q3 were reported.
Hbk Investments L P has invested 0.04% in World Wrestling Entertainment, Inc. (NYSE:WWE). Morgan Stanley reported 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Eagle Boston Management Inc holds 1.54% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE) for 504,248 shares. 46,100 were reported by Alliancebernstein L P. Paloma Prns Mgmt owns 15,113 shares. Susquehanna Gp Llp has 0% invested in World Wrestling Entertainment, Inc. (NYSE:WWE) for 31,364 shares. Boothbay Fund Management Limited Liability Company accumulated 20,611 shares or 0.09% of the stock. Pinnacle Ltd holds 0.73% in World Wrestling Entertainment, Inc. (NYSE:WWE) or 1.24 million shares. Moreover, State Of Tennessee Treasury Department has 0% invested in World Wrestling Entertainment, Inc. (NYSE:WWE) for 30,368 shares. Invesco Ltd has 212,162 shares. Creative Planning holds 13,011 shares or 0% of its portfolio. Blackrock stated it has 4.89 million shares. Point72 Asset Ltd Partnership owns 0.06% invested in World Wrestling Entertainment, Inc. (NYSE:WWE) for 461,700 shares. 887,604 are owned by Millennium Mngmt Ltd. Swiss State Bank invested 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE).

Since February 11, 2018, it had 0 insider purchases, and 2 selling transactions for $123,817 activity. $50,417 worth of World Wrestling Entertainment, Inc. (NYSE:WWE) was sold by Bilstad Blake Timothy on Sunday, February 11.

The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) reached all time high today, Apr, 23 and still has $41.90 target or 7.00 % above today’s $39.16 share price. This indicates more upside for the $3.02B company. This technical setup was reported by Barchart.com. If the $41.90 PT is reached, the company will be worth $211.47 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.43% or $0.17 during the last trading session, reaching $39.16. About 321,019 shares traded. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 63.19% since April 23, 2017 and is uptrending. It has outperformed by 51.64% the S&P500.

Analysts await World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings on May, 3 before the open. They expect $0.12 EPS, up 50.00 % or $0.04 from last year’s $0.08 per share. WWE’s profit will be $9.26 million for 81.58 P/E if the $0.12 EPS becomes a reality. After $0.21 actual EPS reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -42.86 % negative EPS growth.

World Wrestling Entertainment, Inc. (NYSE:WWE) Ratings Coverage

Among 11 analysts covering World Wrestling (NYSE:WWE), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. World Wrestling had 18 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by Needham on Wednesday, March 7 with “Buy”. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Neutral” rating by Citigroup on Friday, December 22. As per Thursday, January 4, the company rating was upgraded by Wells Fargo. On Tuesday, January 30 the stock rating was upgraded by Morgan Stanley to “Overweight”. Needham maintained World Wrestling Entertainment, Inc. (NYSE:WWE) on Wednesday, January 24 with “Buy” rating. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) has “Buy” rating given on Thursday, October 26 by Needham. The rating was downgraded by FBN Securities on Monday, October 30 to “Sector Perform”. The firm has “Buy” rating given on Thursday, February 22 by Guggenheim. J.P. Morgan initiated World Wrestling Entertainment, Inc. (NYSE:WWE) rating on Wednesday, December 6. J.P. Morgan has “Buy” rating and $37.0 target. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, February 12.

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. The company has market cap of $3.02 billion. The firm operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios divisions. It has a 93.24 P/E ratio. It operates WWE Network, a live streaming network that offers pay-per-view events, original programming, and video-on-demand library; and produces television programming, reality shows, and other programming, as well as produces content via home entertainment platforms, including DVD, Blu-Ray, subscription, and transactional on-demand outlets.

World Wrestling Entertainment, Inc. (NYSE:WWE) Institutional Positions Chart

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