Why Is WMG Falling Today?

After this morning's -5.7% drop to $35.61 per share, Warner Music might just keep moving past its target price of $36.44. With an average analyst rating of buy, and target prices from $26 to $52, the stock's next move is anyone's guess.

Warner Music has an average level of shares sold short, at 5.8% of its total share float. The stock's short ratio (also called days to cover) is 4.47. The company's insiders own 16.68% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 89.7% of Warner Music's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Warner Music

Holder Shares Date Reported Percentage Value
FMR, LLC 17,009,130 2022-09-29 12% $605,865,192
Sands Capital Management, LLC 11,165,681 2022-09-29 8% $397,721,545
Vanguard Group, Inc. (The) 10,284,488 2022-09-29 8% $366,333,451
Caledonia (Private) Investments Pty Ltd 6,919,312 2022-09-29 5% $246,465,886
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP 6,664,730 2022-09-29 5% $237,397,675
Blackrock Inc. 4,871,662 2022-09-29 4% $173,528,595
Capital World Investors 4,811,979 2022-09-29 4% $171,402,686
Darsana Capital Partners, LP 4,500,000 2022-09-29 3% $160,289,995
Soma Equity Partners LP 4,200,000 2022-09-29 3% $149,603,995
Jackson Square Partners, Llc 4,175,804 2022-09-29 3% $148,742,134
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.