After this morning's 1.3% surge to $107.13 per share, World Wrestling Entertainment might just keep moving past its target price of $104.22. With an average analyst rating of buy, and target prices from $68.0 to $130.0, the stock's next move is anyone's guess.
The stock has an unusually large proportion of its shares sold short at 75.0%, and a short ratio of 5.43. Since 1.55% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 121.5% of World Wrestling Entertainment's shares being owned by this investor type.
Institutions Invested in World Wrestling Entertainment
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Lindsell Train Limited | 17% | 7,463,627 | $799,578,340 |
| 2022-12-31 | Blackrock Inc. | 11% | 4,778,788 | $511,951,545 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 10% | 4,128,663 | $442,303,655 |
| 2023-03-31 | Ninety One UK Ltd | 6% | 2,789,392 | $298,827,557 |
| 2022-12-31 | Independent Franchise Partners, LLP | 4% | 1,686,771 | $180,703,772 |
| 2022-12-31 | Ubs Asset Management Americas Inc | 3% | 1,497,739 | $160,452,774 |
| 2022-12-31 | American Century Companies, Inc. | 3% | 1,411,335 | $151,196,314 |
| 2022-12-31 | Invesco Ltd. | 3% | 1,227,658 | $131,518,998 |
| 2022-12-31 | Principal Financial Group, Inc. | 3% | 1,222,028 | $130,915,856 |
| 2022-12-31 | State Street Corporation | 3% | 1,157,846 | $124,040,038 |
Besides an analyst consensus of little upside potential, other market factors point to there being negative market sentiment on World Wrestling Entertainment.
