World Wrestling Entertainment (NYSE:WWE) was upgraded by analysts at KeyCorp to an “overweight” rating in a report issued on Monday.

Several other research analysts have also recently weighed in on the stock. Citigroup cut shares of World Wrestling Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, December 22nd. JPMorgan Chase & Co. initiated coverage on shares of World Wrestling Entertainment in a report on Wednesday, December 6th. They issued an “overweight” rating on the stock. Guggenheim set a $40.00 price target on shares of World Wrestling Entertainment and gave the company a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of World Wrestling Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Finally, FBN Securities cut shares of World Wrestling Entertainment from an “outperform” rating to a “sector perform” rating in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. World Wrestling Entertainment presently has an average rating of “Buy” and a consensus price target of $35.57.

Shares of World Wrestling Entertainment (NYSE:WWE) opened at $34.84 on Monday. World Wrestling Entertainment has a one year low of $19.12 and a one year high of $36.91. The stock has a market cap of $2,686.41, a PE ratio of 84.98, a P/E/G ratio of 2.58 and a beta of 0.93. The company has a quick ratio of 2.62, a current ratio of 2.83 and a debt-to-equity ratio of 0.83.

World Wrestling Entertainment (NYSE:WWE) last issued its earnings results on Thursday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $211.60 million during the quarter, compared to the consensus estimate of $208.51 million. World Wrestling Entertainment had a net margin of 4.07% and a return on equity of 20.51%. World Wrestling Entertainment’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. equities analysts predict that World Wrestling Entertainment will post 0.68 earnings per share for the current fiscal year.

In other news, CEO Vincent K. Mcmahon sold 3,340,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 3,340,000 shares of the company’s stock, valued at $95,791,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 49.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of World Wrestling Entertainment by 6.3% during the second quarter. Northern Trust Corp now owns 516,923 shares of the company’s stock worth $10,529,000 after purchasing an additional 30,596 shares during the period. State Street Corp increased its holdings in shares of World Wrestling Entertainment by 5.5% during the second quarter. State Street Corp now owns 872,209 shares of the company’s stock worth $17,763,000 after purchasing an additional 45,601 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of World Wrestling Entertainment by 10.2% during the second quarter. Dimensional Fund Advisors LP now owns 222,028 shares of the company’s stock worth $4,523,000 after purchasing an additional 20,576 shares during the period. New York State Common Retirement Fund increased its holdings in shares of World Wrestling Entertainment by 25.8% during the second quarter. New York State Common Retirement Fund now owns 40,900 shares of the company’s stock worth $833,000 after purchasing an additional 8,399 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of World Wrestling Entertainment by 81.4% during the second quarter. Sterling Capital Management LLC now owns 18,064 shares of the company’s stock worth $368,000 after purchasing an additional 8,105 shares during the period. 49.95% of the stock is currently owned by institutional investors.

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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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