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

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $24.9375.

Several research analysts recently commented on WBD shares. Singular Research raised Warner Bros. Discovery to a “moderate buy” rating in a research report on Wednesday, October 22nd. TD Cowen raised their target price on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research note on Friday, November 7th. Arete Research increased their price target on shares of Warner Bros. Discovery from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Guggenheim lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Finally, Sanford C. Bernstein raised their target price on shares of Warner Bros. Discovery from $16.00 to $23.50 in a research note on Friday, November 7th.

Warner Bros. Discovery Trading Down 0.4%

NASDAQ:WBD opened at $27.99 on Friday. The company has a market cap of $69.36 billion, a P/E ratio of 147.32 and a beta of 1.64. Warner Bros. Discovery has a twelve month low of $7.52 and a twelve month high of $30.00. The business has a 50 day moving average price of $28.37 and a two-hundred day moving average price of $21.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, CAO Lori C. Locke sold 5,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $27.62, for a total value of $138,100.00. Following the completion of the sale, the chief accounting officer owned 110,084 shares in the company, valued at $3,040,520.08. The trade was a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. This trade represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 267,116 shares of company stock worth $7,781,731 in the last ninety days. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at approximately $1,123,807,000. Pacer Advisors Inc. raised its holdings in Warner Bros. Discovery by 4,639.8% during the third quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company’s stock worth $445,066,000 after buying an additional 22,308,046 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Warner Bros. Discovery by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company’s stock worth $5,492,112,000 after purchasing an additional 18,736,600 shares during the last quarter. Jericho Capital Asset Management L.P. raised its stake in shares of Warner Bros. Discovery by 108.9% in the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock valued at $685,413,000 after buying an additional 18,291,865 shares during the period. Finally, Sound Shore Management Inc CT purchased a new stake in Warner Bros. Discovery during the second quarter valued at about $97,951,000. 59.95% of the stock is owned by institutional investors.

About Warner Bros. Discovery

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.