After this afternoon's 2.6% surge to $35.55 per share, Warner Music might just keep moving past its target price of $35.49. With an average analyst rating of buy, and target prices from $15.4 to $40.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 3.8%, and a short ratio of 2.76. The company's insiders own 6.73% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 91.9% of Warner Music's shares being owned by this investor type.
Institutions Invested in Warner Music
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | FMR, LLC | 11% | 14,534,216 | $516,691,367 |
| 2023-09-30 | Vanguard Group Inc | 8% | 10,984,798 | $390,509,560 |
| 2023-09-30 | Capital World Investors | 6% | 7,667,939 | $272,595,225 |
| 2023-09-30 | Caledonia (Private) Investments Pty Ltd | 4% | 5,904,226 | $209,895,229 |
| 2023-09-30 | DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 4% | 5,755,387 | $204,604,003 |
| 2023-09-30 | Blackrock Inc. | 4% | 5,513,990 | $196,022,340 |
| 2023-09-30 | Cooke & Bieler LP | 3% | 4,757,699 | $169,136,195 |
| 2023-09-30 | Citadel Advisors Llc | 3% | 3,847,777 | $136,788,469 |
| 2023-09-30 | Southeastern Asset Management Inc/TN/ | 2% | 3,452,105 | $122,722,330 |
| 2023-09-30 | Jackson Square Partners, Llc | 2% | 3,411,246 | $121,269,792 |
Besides an analyst consensus of little upside potential, other market factors point to there being positive market sentiment on Warner Music.
