Warner Music stock is trading -16.84% below its average target price of $38.06 after dropping -2.8% during today's afternoon session. Analysts are giving the Large-Cap Leisure company an average rating of buy and target prices ranging from $21.0 to $45.0 per share.
Warner Music's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.7%. The stock's short ratio is 2.76. The company's insiders own 7.09% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 91.8%. In conclusion, we believe there is positive market sentiment regarding Warner Music.
Institutions Invested in Warner Music
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | FMR, LLC | 10% | 14,474,588 | $458,120,704 |
| 2023-12-31 | Vanguard Group Inc | 8% | 11,669,662 | $369,344,797 |
| 2023-12-31 | Capital World Investors | 7% | 9,319,510 | $294,962,487 |
| 2023-12-31 | DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 4% | 5,477,378 | $173,359,011 |
| 2023-12-31 | Blackrock Inc. | 4% | 5,252,443 | $166,239,818 |
| 2023-12-31 | FIL LTD | 4% | 5,198,892 | $164,544,929 |
| 2023-12-31 | Caledonia (Private) Investments Pty Ltd | 3% | 4,837,336 | $153,101,682 |
| 2023-12-31 | Cooke & Bieler LP | 3% | 4,638,781 | $146,817,416 |
| 2023-12-31 | Citadel Advisors Llc | 3% | 4,020,539 | $127,250,057 |
| 2023-12-31 | Millennium Management Llc | 3% | 3,944,283 | $124,836,555 |
