World Wrestling Entertainment, Inc. (WWE) Shares Bought by EastBay Asset Management LLC

EastBay Asset Management LLC grew its position in World Wrestling Entertainment, Inc. (NYSE:WWE) by 153.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,337,130 shares of the company’s stock after acquiring an additional 809,130 shares during the quarter. World Wrestling Entertainment comprises approximately 2.5% of EastBay Asset Management LLC’s portfolio, making the stock its 9th biggest position. EastBay Asset Management LLC owned approximately 1.73% of World Wrestling Entertainment worth $27,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Lindsell Train Ltd boosted its holdings in shares of World Wrestling Entertainment by 4.2% in the second quarter. Lindsell Train Ltd now owns 7,082,868 shares of the company’s stock valued at $144,278,000 after acquiring an additional 286,635 shares during the period. BlackRock Inc. boosted its holdings in shares of World Wrestling Entertainment by 1.4% in the second quarter. BlackRock Inc. now owns 4,487,555 shares of the company’s stock valued at $91,410,000 after acquiring an additional 61,167 shares during the period. Morgan Stanley boosted its holdings in shares of World Wrestling Entertainment by 22.5% in the first quarter. Morgan Stanley now owns 1,807,629 shares of the company’s stock valued at $40,165,000 after acquiring an additional 331,584 shares during the period. Eagle Boston Investment Management Inc. boosted its holdings in shares of World Wrestling Entertainment by 100.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 916,673 shares of the company’s stock valued at $19,516,000 after acquiring an additional 460,117 shares during the period. Finally, State Street Corp boosted its holdings in shares of World Wrestling Entertainment by 5.5% in the second quarter. State Street Corp now owns 872,209 shares of the company’s stock valued at $17,763,000 after acquiring an additional 45,601 shares during the period. 49.49% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on WWE shares. ValuEngine raised World Wrestling Entertainment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded World Wrestling Entertainment from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, September 12th. Morgan Stanley initiated coverage on World Wrestling Entertainment in a research report on Friday, June 30th. They issued an “equal weight” rating and a $23.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of World Wrestling Entertainment in a research report on Tuesday, September 26th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $25.00 price objective (down previously from $26.00) on shares of World Wrestling Entertainment in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.38.

In other World Wrestling Entertainment news, CRO Michelle D. Wilson sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $21.25, for a total value of $1,168,750.00. Following the completion of the transaction, the executive now owns 436,174 shares of the company’s stock, valued at approximately $9,268,697.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Casey Collins sold 13,383 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.23, for a total value of $284,121.09. Following the completion of the transaction, the executive vice president now directly owns 43,926 shares of the company’s stock, valued at approximately $932,548.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,231 shares of company stock valued at $3,660,354. 49.80% of the stock is owned by corporate insiders.

World Wrestling Entertainment, Inc. (NYSE WWE) traded down 2.56% during trading on Thursday, reaching $22.50. The company had a trading volume of 435,369 shares. The company has a market capitalization of $1.73 billion, a P/E ratio of 68.60 and a beta of 0.84. World Wrestling Entertainment, Inc. has a 12 month low of $16.77 and a 12 month high of $23.88. The stock has a 50 day moving average of $22.41 and a 200-day moving average of $21.27.

World Wrestling Entertainment (NYSE:WWE) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. World Wrestling Entertainment had a return on equity of 13.07% and a net margin of 3.29%. The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $209.28 million. During the same quarter in the prior year, the company posted $0.01 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that World Wrestling Entertainment, Inc. will post $0.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 15th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.48 annualized dividend and a yield of 2.08%. World Wrestling Entertainment’s payout ratio is 154.84%.

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World Wrestling Entertainment Company Profile

World Wrestling Entertainment, Inc (WWE) is an integrated media and entertainment company. The Company’s segments are Network, Television, Home Entertainment, Digital Media, Live Events, Licensing, Venue Merchandise, WWEShop, WWE Studios, and Corporate and Other. The Company is engaged in the production and distribution of content through various channels, including its WWE Network, television rights agreements, pay-per-view event programming, live events, feature films, licensing of various WWE themed products, and the sale of consumer products featuring its brands.

Institutional Ownership by Quarter for World Wrestling Entertainment (NYSE:WWE)

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