Why Are People Buying WWE Shares?

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.

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.