Warner Bros. Discovery (NASDAQ:WBD) Shares Gap Up to $14.16

Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $14.16, but opened at $14.76. Warner Bros. Discovery shares last traded at $14.60, with a volume of 5,154,191 shares.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Monday, January 30th. Wells Fargo & Company raised shares of Warner Bros. Discovery from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $20.00 in a research report on Friday. Macquarie upped their price target on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. Guggenheim raised shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $16.50 price target for the company in a research report on Wednesday, January 11th. Finally, Rosenblatt Securities upped their price target on shares of Warner Bros. Discovery from $9.00 to $11.00 and gave the stock a “sell” rating in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average target price of $22.31.

Warner Bros. Discovery Stock Up 1.3 %

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average price is $14.46 and its 200 day moving average price is $12.55. The firm has a market cap of $34.85 billion, a P/E ratio of -5.47, a PEG ratio of 0.94 and a beta of 1.50.

Institutional Investors Weigh In On Warner Bros. Discovery

Several institutional investors and hedge funds have recently bought and sold shares of the business. Aspire Private Capital LLC raised its stake in Warner Bros. Discovery by 33.2% during the fourth quarter. Aspire Private Capital LLC now owns 2,823 shares of the company’s stock worth $26,762,040,000 after acquiring an additional 704 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Warner Bros. Discovery by 1.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 38,375 shares of the company’s stock valued at $364,000 after purchasing an additional 708 shares during the period. Kentucky Retirement Systems increased its stake in shares of Warner Bros. Discovery by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 173,683 shares of the company’s stock valued at $1,647,000 after purchasing an additional 759 shares during the period. First Personal Financial Services increased its stake in shares of Warner Bros. Discovery by 19.7% in the fourth quarter. First Personal Financial Services now owns 4,905 shares of the company’s stock valued at $46,000 after purchasing an additional 806 shares during the period. Finally, Merit Financial Group LLC increased its stake in shares of Warner Bros. Discovery by 3.2% in the fourth quarter. Merit Financial Group LLC now owns 32,628 shares of the company’s stock valued at $309,000 after purchasing an additional 1,010 shares during the period. Institutional investors and hedge funds own 55.18% of the company’s stock.

About Warner Bros. Discovery

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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.