Market Update – WMG Drops, What's on the Rise?

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
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.