TOday’s Movers: World Wrestling (NYSE:WWE) Stock Rating Reaffirmed by JP Morgan; $70 Target Price Indicates 4.26 % Potential

June 22, 2018 - By Vivian Park

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

Investors sentiment decreased to 1.93 in 2018 Q1. Its down 0.24, from 2.17 in 2017Q4. It worsened, as 22 investors sold World Wrestling Entertainment, Inc. shares while 34 reduced holdings. 36 funds opened positions while 72 raised stakes. 44.96 million shares or 11.95% more from 40.16 million shares in 2017Q4 were reported.

Citadel Advsrs Ltd Company reported 1.03M shares. 69,617 are held by Majedie Asset Management Limited. Whittier Trust reported 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Jacobs Levy Equity Management Inc has invested 0.03% in World Wrestling Entertainment, Inc. (NYSE:WWE). Price T Rowe Associates Md holds 0% or 15,794 shares in its portfolio. Utd Ser Automobile Association stated it has 5,646 shares. Aqr Mgmt Limited Liability Com holds 0% or 28,856 shares. Plante Moran Advsr Ltd Co holds 32 shares or 0% of its portfolio. C M Bidwell Associates Ltd owns 2,190 shares. Bnp Paribas Arbitrage Sa stated it has 13,212 shares. Ameritas Prtnrs Inc holds 0.01% in World Wrestling Entertainment, Inc. (NYSE:WWE) or 3,359 shares. Ascend Cap Limited Liability Corp reported 427,855 shares. Wells Fargo & Mn reported 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Metropolitan Life New York has invested 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Comerica Bank & Trust invested in 69,694 shares or 0.02% of the stock.

Since February 11, 2018, it had 0 insider purchases, and 2 sales for $123,817 activity. 2,000 shares valued at $73,400 were sold by Kowal Mark on Friday, February 16.

World Wrestling (NYSE:WWE) Rating Reaffirmed

They currently have a $70 target on World Wrestling (NYSE:WWE). The target price by JP Morgan would suggest a potential upside of 4.26 % from the company’s close price. This has been released in a research report on 22 June.

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

Among 9 analysts covering World Wrestling Enter (NYSE:WWE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. World Wrestling Enter has $76 highest and $38.0 lowest target. $47.38’s average target is -29.43% below currents $67.14 stock price. World Wrestling Enter had 17 analyst reports since January 4, 2018 according to SRatingsIntel. The company was upgraded on Monday, February 12 by KeyBanc Capital Markets. As per Friday, June 15, the company rating was maintained by Wells Fargo. Guggenheim maintained the shares of WWE in report on Tuesday, April 10 with “Buy” rating. The firm has “Buy” rating by Guggenheim given on Thursday, January 11. On Wednesday, March 7 the stock rating was maintained by Needham with “Buy”. Wells Fargo maintained the stock with “Buy” rating in Tuesday, April 10 report. As per Tuesday, April 17, the company rating was downgraded by JP Morgan. The company was upgraded on Tuesday, January 30 by Morgan Stanley. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Overweight” rating by KeyBanc Capital Markets on Friday, May 4. The rating was downgraded by J.P. Morgan to “Hold” on Tuesday, April 17.

The stock increased 0.90% or $0.6 during the last trading session, reaching $67.14. About 1.38 million shares traded or 23.59% up from the average. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 191.71% since June 22, 2017 and is uptrending. It has outperformed by 179.14% the S&P500.

Analysts await World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings on July, 26. They expect $0.16 earnings per share, up 128.57 % or $0.09 from last year’s $0.07 per share. WWE’s profit will be $12.34 million for 104.91 P/E if the $0.16 EPS becomes a reality. After $0.18 actual earnings per share reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

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 $5.18 billion. The firm operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios divisions. It has a 159.86 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.

More notable recent World Wrestling Entertainment, Inc. (NYSE:WWE) news were published by: Bizjournals.com which released: “WWE muscles Sinclair’s Ring of Honor out of Madison Square Garden” on June 20, 2018, also Seekingalpha.com with their article: “Deep Dive Into WWE’s Meteoric Rise” published on May 25, 2018, Investorplace.com published: “World Wrestling Entertainment, Inc. Stock Is Astounding, But Don’t Be Left Holding the Bag” on June 18, 2018. More interesting news about World Wrestling Entertainment, Inc. (NYSE:WWE) were released by: Bizjournals.com and their article: “Did WWE block a rival promotion from booking MSG?” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Apparently WWE Has Luck On Its Side” with publication date: June 06, 2018.

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

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