Blackrock Inc. Now Owns 5,615,477 Shares In World Wrestling Entertainment, Inc. (WWE)

World Wrestling Entertainment, Inc. (NYSE:WWE) is at least 163.13% than its current record low price of $19.12. There was a 15.42% gain on 05/17/2018 that led the price to move at $50.31. At recent session, the prices were hovering between $48.46 and $51.33. This company shares are -15.98% up from its target price of $42.27 and the current market capitalization stands at $3.8B. The recent change has given its price a 29.72% lead over SMA 50 and 14.44% lead over its 52-week high. The stock witnessed 29.33% gains, 38.18% gains and 83.21% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WWE’s volatility during a week at 2.53% and during a month it has been found around 2.6%.

World Wrestling Entertainment, Inc. (WWE) Top Holders

Institutional investors currently hold around $2.01 billion or 0% in WWE stock. Look at its top three institutional owners. Lindsell Train Ltd owns $310.92 million in World Wrestling Entertainment, Inc., which represents roughly 8.18% of the company’s market cap and approximately 15.49% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 5,615,477 shares of the stock are valued at $244.78 million. The third largest holder is Vanguard Group Inc, which currently holds $186.55 million worth of this stock and that ownership represents nearly 4.91% of its market capitalization.

World Wrestling Entertainment, Inc. 13F Filings

At the end of 03/31/2018 reporting period, 114 institutional holders increased their position in World Wrestling Entertainment, Inc. (NYSE:WWE) by some 11,247,364 shares, 74 decreased positions by 7,594,117 and 32 held positions by 27,207,826. That puts total institutional holdings at 46,049,307 shares, according to SEC filings. The stock grabbed 36 new institutional investments totaling 3,922,540 shares while 27 institutional investors sold out their entire positions totaling 2,590,842 shares.

World Wrestling Entertainment, Inc. (NYSE:WWE) Insider Trades

Multiple company employees have indulged in significant insider trading. World Wrestling Entertainment, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, Controller; CAO Kowal Mark has sold 2,000 shares of World Wrestling Entertainment, Inc. (WWE) in trading session dated Feb. 16, 2018. These shares are worth $73,400 and were traded at $36.7 each. The SEC filing shows that Bilstad Blake Timothy performed a sale of 1,419 shares. The SVP, General Counsel & Sec disposed these shares by way of transaction on Feb. 11, 2018. The company’s shares were given away at $35.53 per share worth to an income of some $50,417 on account of Bilstad Blake Timothy.

CEO, 10% Owner, Mcmahon Vincent K, sold 3,340,000 common shares of World Wrestling Entertainment, Inc. (WWE) in the open market. In a transaction dated Dec. 21, 2017, the shares were put up for sale at an average price of $28.68, raking in a sum of $95,791,200. After this sale, common shares of WWE are directly owned by the insider, with total stake valued at $.

In the transaction dated Oct. 31, 2017, the great number of shares disposed came courtesy the SVP, General Counsel & Sec; Bilstad Blake Timothy disposed a total of 1,801 shares at an average price of $26.4, amounting to approximately $47,546. The insider now directly owns 13,910 shares worth $699,812.

World Wrestling Entertainment, Inc. (WWE) Analyst Guide

Several analysts have released their opinion on World Wrestling Entertainment, Inc. (NYSE:WWE), with 5 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.96 average brokerage recommendation.

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