Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $11.44 Consensus PT from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has received an average rating of “Hold” from the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.46.

A number of equities research analysts have recently weighed in on WBD shares. Raymond James lifted their price target on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays increased their price target on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Guggenheim upped their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, December 12th. Bank of America reissued a “buy” rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price target on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research note on Thursday, December 19th.

Insider Activity at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Warner Bros. Discovery

Several institutional investors have recently modified their holdings of the stock. Friedenthal Financial bought a new stake in Warner Bros. Discovery during the 4th quarter worth approximately $774,000. Czech National Bank increased its holdings in shares of Warner Bros. Discovery by 6.5% in the fourth quarter. Czech National Bank now owns 484,024 shares of the company’s stock valued at $5,116,000 after purchasing an additional 29,498 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Warner Bros. Discovery by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company’s stock worth $1,939,000 after acquiring an additional 1,387 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in Warner Bros. Discovery by 13.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 1,726,841 shares of the company’s stock valued at $18,253,000 after purchasing an additional 211,272 shares during the period. Finally, Neville Rodie & Shaw Inc. acquired a new position in Warner Bros. Discovery in the 4th quarter valued at $125,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $9.84 on Friday. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $24.14 billion, a price-to-earnings ratio of -2.15 and a beta of 1.52. The stock has a 50 day moving average of $10.26 and a 200-day moving average of $8.65.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.17) EPS. As a group, analysts forecast that Warner Bros. Discovery will post -4.37 EPS for the current year.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.