Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) have received a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.83.

WWE has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of World Wrestling Entertainment in a research note on Wednesday, December 6th. They set an “overweight” rating on the stock. Citigroup downgraded shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, December 22nd. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of World Wrestling Entertainment in a research note on Tuesday, September 26th. Wells Fargo & Co raised shares of World Wrestling Entertainment from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Finally, BTIG Research boosted their target price on shares of World Wrestling Entertainment to $36.00 and gave the company a “buy” rating in a research note on Monday, January 8th.

World Wrestling Entertainment (WWE) opened at $33.20 on Friday. The stock has a market capitalization of $2,530.65, a price-to-earnings ratio of 73.78, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. World Wrestling Entertainment has a twelve month low of $19.12 and a twelve month high of $33.33. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.68 and a quick ratio of 2.62.

World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.08. The company had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $176.19 million. World Wrestling Entertainment had a return on equity of 17.05% and a net margin of 4.56%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. equities research analysts forecast that World Wrestling Entertainment will post 0.61 EPS for the current fiscal year.

In other news, SVP Blake Timothy Bilstad sold 1,801 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $26.40, for a total transaction of $47,546.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vincent K. Mcmahon sold 3,340,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $28.68, for a total transaction of $95,791,200.00. Following the transaction, the chief executive officer now owns 3,340,000 shares in the company, valued at $95,791,200. The disclosure for this sale can be found here. Insiders own 49.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its holdings in World Wrestling Entertainment by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,073 shares of the company’s stock worth $104,000 after purchasing an additional 51 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in World Wrestling Entertainment in the third quarter worth $176,000. Piedmont Investment Advisors LLC bought a new stake in World Wrestling Entertainment in the third quarter worth $201,000. FDx Advisors Inc. bought a new stake in World Wrestling Entertainment in the third quarter worth $219,000. Finally, Summit Securities Group LLC bought a new stake in World Wrestling Entertainment in the third quarter worth $236,000. Institutional investors and hedge funds own 49.75% of the company’s stock.

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World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

Analyst Recommendations for World Wrestling Entertainment (NYSE:WWE)

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