World Wrestling Entertainment, Inc. (NYSE:WWE) Director Patricia A. Gottesman sold 4,123 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $67.02, for a total value of $276,323.46. Following the transaction, the director now owns 16,521 shares of the company’s stock, valued at $1,107,237.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
World Wrestling Entertainment stock opened at $67.25 on Friday. The firm’s 50 day simple moving average is $72.22. World Wrestling Entertainment, Inc. has a 52 week low of $58.50 and a 52 week high of $100.45. The stock has a market cap of $5.34 billion, a PE ratio of 60.04 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.21 and a current ratio of 1.24.
World Wrestling Entertainment (NYSE:WWE) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.14. World Wrestling Entertainment had a return on equity of 23.92% and a net margin of 8.42%. The firm had revenue of $268.90 million for the quarter, compared to analysts’ expectations of $271.21 million. During the same period last year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities analysts forecast that World Wrestling Entertainment, Inc. will post 0.99 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kwmg LLC bought a new position in World Wrestling Entertainment during the first quarter worth $49,000. FNY Investment Advisers LLC bought a new position in World Wrestling Entertainment during the first quarter worth $86,000. Amundi Pioneer Asset Management Inc. bought a new position in World Wrestling Entertainment during the fourth quarter worth $126,000. Piedmont Investment Advisors Inc. bought a new position in World Wrestling Entertainment during the first quarter worth $214,000. Finally, First Republic Investment Management Inc. bought a new position in World Wrestling Entertainment during the first quarter worth $226,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.
WWE has been the subject of several research analyst reports. KeyCorp reduced their target price on World Wrestling Entertainment from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Zacks Investment Research cut World Wrestling Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th. Benchmark upgraded World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their target price on World Wrestling Entertainment from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Guggenheim reiterated a “buy” rating and set a $100.00 target price (down from $105.00) on shares of World Wrestling Entertainment in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $102.27.
World Wrestling Entertainment Company Profile
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 in three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form media content across various platforms, including WWE Network, pay television, and digital and social media, as well as filmed entertainment.
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