Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $23.2159.

WBD has been the topic of several research reports. The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a report on Friday, November 7th. KeyCorp reiterated a “sector weight” rating on shares of Warner Bros. Discovery in a research report on Friday, September 26th. Guggenheim raised their target price on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, November 7th. Cowen cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, TD Cowen upped their price target on shares of Warner Bros. Discovery from $14.00 to $22.00 in a report on Friday, November 7th.

Warner Bros. Discovery Price Performance

WBD stock opened at $28.51 on Friday. Warner Bros. Discovery has a twelve month low of $7.52 and a twelve month high of $30.00. The company has a market capitalization of $70.65 billion, a P/E ratio of 150.06 and a beta of 1.56. The business has a 50 day simple moving average of $25.32 and a 200-day simple moving average of $18.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the firm earned $0.05 EPS. The business’s revenue was down 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Buying and Selling

In other news, CAO Lori C. Locke sold 4,122 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the completion of the transaction, the chief accounting officer directly owned 100,962 shares of the company’s stock, valued at $2,919,821.04. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total value of $7,168,323.00. Following the sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $27,108,730. The trade was a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 489,326 shares of company stock worth $12,781,456. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concord Wealth Partners increased its stake in Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Warner Bros. Discovery by 3.1% during the 3rd quarter. Howard Capital Management Inc. now owns 15,559 shares of the company’s stock worth $304,000 after acquiring an additional 474 shares during the period. Claro Advisors LLC boosted its position in shares of Warner Bros. Discovery by 4.4% in the third quarter. Claro Advisors LLC now owns 11,591 shares of the company’s stock worth $226,000 after acquiring an additional 484 shares during the last quarter. Clearstead Advisors LLC grew its holdings in Warner Bros. Discovery by 0.6% in the third quarter. Clearstead Advisors LLC now owns 91,414 shares of the company’s stock valued at $1,785,000 after purchasing an additional 506 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its position in Warner Bros. Discovery by 3.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 16,860 shares of the company’s stock worth $329,000 after purchasing an additional 512 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.