World Wrestling Entertainment, Inc. (WWE)’s Stock Is Buy After Achieving 52-Week High

April 16, 2018 - By Vivian Park

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 is positive, 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.
Alliancebernstein L P holds 46,100 shares or 0% of its portfolio. Parametric Associates, a Washington-based fund reported 106,027 shares. D E Shaw And Com has invested 0.01% in World Wrestling Entertainment, Inc. (NYSE:WWE). Vanguard Gp Inc reported 3.50 million shares. Aristotle Capital Boston Ltd reported 1.58% in World Wrestling Entertainment, Inc. (NYSE:WWE). Pinebridge Investments Lp invested 0.01% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Parkside Bankshares Tru has 0% invested in World Wrestling Entertainment, Inc. (NYSE:WWE). Ibis Partners Llp has invested 12.25% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Texas Permanent School Fund owns 26,470 shares for 0.01% of their portfolio. 600,188 are held by State Bank Of Ny Mellon Corp. Riverhead Capital Ltd Com accumulated 5,887 shares. Moreover, Whittier Trust Co has 0% invested in World Wrestling Entertainment, Inc. (NYSE:WWE). 13,900 are owned by Leucadia Corp. California Pub Employees Retirement Sys has invested 0% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). Fayez Sarofim invested 0% in World Wrestling Entertainment, Inc. (NYSE:WWE).

Since February 11, 2018, it had 0 buys, and 2 sales for $123,817 activity. Kowal Mark sold $73,400 worth of stock.

The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) hit a new 52-week high and has $41.50 target or 6.00 % above today’s $39.15 share price. The 6 months bullish chart indicates low risk for the $3.02B company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $41.50 price target is reached, the company will be worth $181.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.19% or $0.46 during the last trading session, reaching $39.15. About 111,941 shares traded. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 63.19% since April 16, 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. They expect $0.10 earnings per share, up 25.00 % or $0.02 from last year’s $0.08 per share. WWE’s profit will be $7.71M for 97.88 P/E if the $0.10 EPS becomes a reality. After $0.21 actual earnings per share reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -52.38 % negative EPS growth.

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

Among 11 analysts covering World Wrestling (NYSE:WWE), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. World Wrestling had 16 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) has “Buy” rating given on Wednesday, December 6 by J.P. Morgan. Needham maintained World Wrestling Entertainment, Inc. (NYSE:WWE) on Thursday, October 26 with “Buy” rating. Needham maintained World Wrestling Entertainment, Inc. (NYSE:WWE) rating on Wednesday, January 24. Needham has “Buy” rating and $38.0 target. The firm has “Buy” rating given on Thursday, February 22 by Guggenheim. FBN Securities downgraded the stock to “Sector Perform” rating in Monday, October 30 report. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by Guggenheim on Thursday, January 11. The rating was maintained by Wells Fargo with “Buy” on Tuesday, April 10. Needham maintained the stock with “Buy” rating in Wednesday, March 7 report. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, January 30. On Monday, February 12 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”.

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 93.21 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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