Warner Bros. Discovery (NASDAQ:WBD) Stock Price Expected to Rise, Argus Analyst Says

Warner Bros. Discovery (NASDAQ:WBD) had its target price raised by equities research analysts at Argus from $28.00 to $32.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 14.37% from the stock’s current price.

A number of other research analysts have also recently issued reports on WBD. UBS Group set a $32.00 price objective on Warner Bros. Discovery in a research note on Thursday, January 15th. Rothschild & Co Redburn upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Thursday, October 30th. Moffett Nathanson boosted their price objective on Warner Bros. Discovery from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Guggenheim lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $30.00 in a research note on Wednesday, January 14th. Finally, Benchmark raised their target price on shares of Warner Bros. Discovery from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.85.

Warner Bros. Discovery Trading Down 0.3%

WBD stock opened at $27.98 on Tuesday. The company has a market capitalization of $69.33 billion, a PE ratio of 147.27 and a beta of 1.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. Warner Bros. Discovery has a one year low of $7.52 and a one year high of $30.00. The company’s 50 day moving average price is $27.51 and its two-hundred day moving average price is $20.36.

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

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 242,994 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the transaction, the chief financial officer directly owned 918,940 shares of the company’s stock, valued at approximately $27,108,730. The trade was a 20.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori C. Locke sold 4,122 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total transaction of $119,208.24. Following the completion of the transaction, the chief accounting officer owned 100,962 shares of the company’s stock, valued at $2,919,821.04. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 489,326 shares of company stock worth $12,781,456. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its holdings in Warner Bros. Discovery by 61.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 15,484 shares of the company’s stock worth $446,000 after purchasing an additional 5,874 shares during the period. Diversified Enterprises LLC purchased a new position in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $204,000. Barrett & Company Inc. boosted its position in shares of Warner Bros. Discovery by 121.3% in the 4th quarter. Barrett & Company Inc. now owns 3,167 shares of the company’s stock worth $91,000 after purchasing an additional 1,736 shares in the last quarter. Legacy Capital Group California Inc. purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $213,000. Finally, West Michigan Advisors LLC bought a new position in Warner Bros. Discovery during the 4th quarter valued at approximately $3,739,000. 59.95% of the stock is currently 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.