WWE's stock (NYSE: WWE) was endorsed by research analysts at Needham & Company LLC's New York Stock Exchange A report, which was released on Wednesday, March 7, reports MarketBeat. They currently have a target price of $ 45.00 on the stock, from their previous price target of $ 38.00. "Needham & Company LLC has a target potential of one Potential topside of 24.97% from previous
Other stock analysts have also recently released company reports: JPMorgan Chase & Co. reported on Wednesday, December 6, in a report on the WWE and "overweight" Citigroup downgraded WWE In a report released on Friday, December 22, Wells Fargo rated the WWE a "Market Performance" rating to an "Outperform" rating in a report on Thursday, Dec. 4 January. Buy "Rating and insert Price target of $ 40.00 (up from $ 28.00) on shares of WWE in a report on Friday, February 9. Finally, MKM Partners confirmed a "buy" rating in a report on Tuesday, February 1
The WWE share lost $ 0.11 during trading on Wednesday, coming in at $ 36.01. The company had a trading volume of 552,700 shares compared to its average volume of 872,393. WWE has an annual low of $ 19.12 and an annual high of $ 39.09. The stock has a market capitalization of $ 2,778.14, a P / E of 56.27 and a beta of 0.84. The company has a debt ratio of 0.83, a current rate of 2.83 and a quick rate of 2.77.
WWE (NYSE: WWE) has recently published its quarterly figures on Thursday, February 8. The company reported earnings per share (EPS) of $ 0.21 for the quarter, exceeding analysts' consensus estimate of $ 0.20 by $ 0.01. The company generated $ 211.60 million in revenue for the quarter, compared to analyst expectations of $ 208.51 million. WWE had a return on equity of 20.50% and a net margin of 4.07%. The company's quarterly revenue increased 8.6% year-on-year. In the same period last year, the business generated $ 0.10. Analysts assume that WWE will generate 0.83 earnings per share in the current year.
In related news, SVP Mark Kowal sold shares of the stock on Friday, February 16, 2000 in a transaction. The stock was sold at an average price of $ 36.70 for a total value of $ 73,400. The transaction has been published in a document with the Securities & Exchange Commission available through this hyperlink. In addition, SVP Blake Timothy Bilstad sold 1,419 shares of the stock in a transaction on Sunday, February 11. The shares were sold at an average price of $ 35.53, which corresponds to a total value of $ 50,417.07. Upon completion of the sale, the senior vice president now directly owns 24,121 shares of the company's stock for $ 857,019.13. The disclosure for this sale can be found here. Insiders own 45.10% of the company's stock.
Several institutional investors have recently changed their positions in the company. Elkfork Partners LLC acquired a $ 147,000 share of WWE shares in the fourth quarter. MetLife Investment Advisors LLC purchased a new stake of approximately $ 554,000 in WWE shares during the fourth quarter. Gotham Asset Management LLC increased its position in WWE shares by 61.6% in the fourth quarter. Gotham Asset Management LLC now holds 27,638 shares of the company's $ 845,000 worth of shares after acquiring another 10,540 shares in the final quarter. Jane Street Group LLC purchased a new stake of approximately $ 11,159,000 in WWE shares in the fourth quarter. Finally, Wolverine Trading LLC increased its position in WWE shares by 153.9% in the fourth quarter. Wolverine Trading LLC now holds 7,386 shares of the company's stock worth $ 226,000 after acquiring another 21,086 shares in the last quarter. 55.23% of the shares are owned by hedge funds and other institutional investors.
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WWE Company Profile
World Wrestling Entertainment, Inc, an integrated media and entertainment company, is engaged in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company operates through networks, television, home entertainment, digital media, live events, licensing, venue merchandise, WWEShop and WWE studios.
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