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 |
