World Wrestling Entertainment (NYSE:WWE) PT Raised to $64.00

World Wrestling Entertainment (NYSE:WWEGet Rating) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $58.00 to $64.00 in a research report issued to clients and investors on Thursday, The Fly reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 4.94% from the company’s current price.

Other equities analysts have also issued reports about the company. StockNews.com began coverage on World Wrestling Entertainment in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded World Wrestling Entertainment from a “strong-buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Wednesday, April 6th. Benchmark boosted their price objective on World Wrestling Entertainment from $68.00 to $71.00 in a research report on Friday, February 4th. Barclays boosted their price objective on World Wrestling Entertainment from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 7th. Finally, TheStreet downgraded World Wrestling Entertainment from a “b-” rating to a “c+” rating in a research report on Thursday, January 27th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, World Wrestling Entertainment currently has a consensus rating of “Hold” and an average target price of $64.00.

NYSE:WWE opened at $60.99 on Thursday. The firm has a market capitalization of $4.57 billion, a PE ratio of 28.63 and a beta of 1.26. The stock has a 50 day moving average of $59.71 and a 200-day moving average of $55.37. World Wrestling Entertainment has a 52 week low of $46.81 and a 52 week high of $70.72. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04.

World Wrestling Entertainment (NYSE:WWEGet Rating) last posted its earnings results on Thursday, February 3rd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The company had revenue of $310.30 million during the quarter, compared to analyst estimates of $319.28 million. World Wrestling Entertainment had a return on equity of 49.31% and a net margin of 16.47%. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, analysts predict that World Wrestling Entertainment will post 2.48 EPS for the current fiscal year.

In other World Wrestling Entertainment news, EVP Bradley Blum sold 9,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $60.14, for a total value of $589,372.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 41.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Man Group plc increased its holdings in shares of World Wrestling Entertainment by 3.8% in the third quarter. Man Group plc now owns 133,613 shares of the company’s stock valued at $7,517,000 after buying an additional 4,912 shares in the last quarter. FDx Advisors Inc. raised its stake in World Wrestling Entertainment by 9.3% during the 4th quarter. FDx Advisors Inc. now owns 4,964 shares of the company’s stock valued at $245,000 after purchasing an additional 421 shares during the period. New York State Teachers Retirement System raised its stake in World Wrestling Entertainment by 11.2% during the 4th quarter. New York State Teachers Retirement System now owns 53,687 shares of the company’s stock valued at $2,649,000 after purchasing an additional 5,390 shares during the period. Qube Research & Technologies Ltd acquired a new stake in World Wrestling Entertainment during the 4th quarter valued at $11,283,000. Finally, Advisor Group Holdings Inc. raised its stake in World Wrestling Entertainment by 19.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 10,193 shares of the company’s stock valued at $575,000 after purchasing an additional 1,631 shares during the period. 71.21% of the stock is currently owned by institutional investors.

About World Wrestling Entertainment (Get Rating)

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. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment.

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