Could World Wrestling Entertainment, Inc. (WWE) Go Down After Reaching All-Time High?

April 25, 2018 - By Darrin Black

World Wrestling Entertainment, Inc. (NYSE:WWE) Logo

Investors sentiment increased to 2.17 in Q4 2017. Its up 0.22, from 1.95 in 2017Q3. It improved, as 12 investors sold World Wrestling Entertainment, Inc. shares while 34 reduced holdings. 36 funds opened positions while 64 raised stakes. 40.16 million shares or 17.42% more from 34.20 million shares in 2017Q3 were reported.
Needham Investment Limited Company reported 16,000 shares. Cap Impact Ltd Com has invested 0.75% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). South Dakota Invest Council holds 30,800 shares. Hall Laurie J Trustee reported 340 shares. Artemis Investment Management Llp, United Kingdom-based fund reported 304,656 shares. Principal Financial reported 319,359 shares. Art Ltd Liability Corporation has invested 0.1% of its portfolio in World Wrestling Entertainment, Inc. (NYSE:WWE). D E Shaw & Company Incorporated has 254,537 shares. New York State Common Retirement Fund accumulated 40,900 shares. 25,070 were reported by Fayez Sarofim & Co. Arizona State Retirement Systems holds 65,815 shares. State Of Tennessee Treasury Department reported 30,368 shares. Balyasny Asset Mngmt Ltd invested in 0.06% or 679,643 shares. Fny Managed Accounts Limited Liability Com accumulated 109 shares or 0% of the stock. New York-based First Manhattan has invested 0% in World Wrestling Entertainment, Inc. (NYSE:WWE).

Since February 11, 2018, it had 0 insider buys, and 2 selling transactions for $123,817 activity. Bilstad Blake Timothy sold 1,419 shares worth $50,417.

The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) reached all time high today, Apr, 25 and still has $40.72 target or 3.00 % above today’s $39.53 share price. This indicates more upside for the $3.05 billion company. This technical setup was reported by If the $40.72 PT is reached, the company will be worth $91.50M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.86% or $1.1 during the last trading session, reaching $39.53. About 1.92M shares traded or 126.34% up from the average. World Wrestling Entertainment, Inc. (NYSE:WWE) has risen 63.19% since April 25, 2017 and is uptrending. It has outperformed by 51.64% the S&P500.

Analysts await World Wrestling Entertainment, Inc. (NYSE:WWE) to report earnings on May, 3 before the open. They expect $0.12 EPS, up 50.00 % or $0.04 from last year’s $0.08 per share. WWE’s profit will be $9.26M for 82.35 P/E if the $0.12 EPS becomes a reality. After $0.21 actual EPS reported by World Wrestling Entertainment, Inc. for the previous quarter, Wall Street now forecasts -42.86 % negative EPS growth.

World Wrestling Entertainment, Inc. (NYSE:WWE) Ratings Coverage

Among 11 analysts covering World Wrestling (NYSE:WWE), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. World Wrestling had 18 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Buy” rating by J.P. Morgan on Wednesday, December 6. The company was upgraded on Monday, February 12 by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, October 26 by Needham. Wells Fargo upgraded the shares of WWE in report on Thursday, January 4 to “Outperform” rating. The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) earned “Hold” rating by J.P. Morgan on Tuesday, April 17. Guggenheim maintained World Wrestling Entertainment, Inc. (NYSE:WWE) rating on Thursday, February 22. Guggenheim has “Buy” rating and $42.0 target. The stock has “Overweight” rating by Morgan Stanley on Tuesday, January 30. Needham maintained World Wrestling Entertainment, Inc. (NYSE:WWE) on Wednesday, January 24 with “Buy” rating. The rating was maintained by Guggenheim on Thursday, January 11 with “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, April 17 report.

World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company has market cap of $3.05 billion. The firm operates through Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, and WWE Studios divisions. It has a 94.12 P/E ratio. It operates WWE Network, a live streaming network that offers pay-per-view events, original programming, and video-on-demand library; and produces television programming, reality shows, and other programming, as well as produces content via home entertainment platforms, including DVD, Blu-Ray, subscription, and transactional on-demand outlets.

World Wrestling Entertainment, Inc. (NYSE:WWE) Institutional Positions Chart

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