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

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has earned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $21.9205.

A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $13.00 to $14.75 and gave the stock a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company increased their target price on shares of Warner Bros. Discovery from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Moffett Nathanson raised their price target on shares of Warner Bros. Discovery from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Warner Bros. Discovery from $23.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, TD Cowen increased their price objective on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th.

Insider Activity

In related news, CAO Lori C. Locke sold 5,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $23.83, for a total value of $119,150.00. Following the completion of the sale, the chief accounting officer directly owned 140,084 shares of the company’s stock, valued at approximately $3,338,201.72. This represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of Warner Bros. Discovery stock in a transaction on Monday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the transaction, the chief financial officer directly owned 1,141,150 shares in the company, valued at $22,252,425. This represents a 31.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,202,325 shares of company stock worth $23,053,615 over the last three months. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambria Investment Management L.P. increased its stake in Warner Bros. Discovery by 25.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 51,424 shares of the company’s stock valued at $1,004,000 after buying an additional 10,278 shares during the last quarter. Burkett Financial Services LLC grew its holdings in shares of Warner Bros. Discovery by 15.1% in the third quarter. Burkett Financial Services LLC now owns 15,708 shares of the company’s stock valued at $307,000 after acquiring an additional 2,057 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Warner Bros. Discovery during the third quarter valued at approximately $26,384,000. Centaurus Financial Inc. increased its position in shares of Warner Bros. Discovery by 149.0% during the third quarter. Centaurus Financial Inc. now owns 24,205 shares of the company’s stock valued at $473,000 after acquiring an additional 14,486 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in Warner Bros. Discovery by 17.4% during the third quarter. Coldstream Capital Management Inc. now owns 33,816 shares of the company’s stock worth $660,000 after acquiring an additional 5,006 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $23.87 on Tuesday. The firm has a market cap of $59.15 billion, a PE ratio of 79.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.74. Warner Bros. Discovery has a 52 week low of $7.52 and a 52 week high of $24.20. The firm’s fifty day moving average is $20.96 and its 200-day moving average is $15.12. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $9.17 billion. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.Warner Bros. Discovery’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts predict that Warner Bros. Discovery will post -4.33 earnings per share for the current year.

About Warner Bros. Discovery

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.