Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Price Target at $16.00

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.75.

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Warner Bros. Discovery from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, October 9th. Macquarie dropped their target price on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, January 22nd. The Goldman Sachs Group decreased their price target on Warner Bros. Discovery from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Seaport Res Ptn reissued a “buy” rating on shares of Warner Bros. Discovery in a research note on Friday, October 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $24.00 target price on shares of Warner Bros. Discovery in a research note on Friday, December 22nd.

Read Our Latest Analysis on Warner Bros. Discovery

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Programming P. Advance/Newhouse sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $12.49, for a total transaction of $124,900,000.00. Following the completion of the transaction, the director now owns 184,023,290 shares of the company’s stock, valued at $2,298,450,892.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently added to or reduced their stakes in WBD. Providence Capital Advisors LLC grew its holdings in shares of Warner Bros. Discovery by 1,410.1% during the first quarter. Providence Capital Advisors LLC now owns 2,099 shares of the company’s stock valued at $139,000 after buying an additional 1,960 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of Warner Bros. Discovery in the 1st quarter worth $32,000. Country Trust Bank raised its stake in shares of Warner Bros. Discovery by 76.0% in the third quarter. Country Trust Bank now owns 2,314 shares of the company’s stock worth $25,000 after purchasing an additional 999 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Warner Bros. Discovery by 156.8% during the second quarter. Capital Advisors Ltd. LLC now owns 2,324 shares of the company’s stock valued at $29,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in shares of Warner Bros. Discovery during the third quarter valued at $25,000. 58.26% of the stock is owned by institutional investors.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD opened at $10.02 on Friday. Warner Bros. Discovery has a one year low of $9.27 and a one year high of $16.34. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of -5.06 and a beta of 1.57. The company’s fifty day moving average price is $11.06 and its 200-day moving average price is $11.40.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last released its earnings results on Wednesday, November 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). Warner Bros. Discovery had a negative net margin of 11.48% and a negative return on equity of 0.47%. The firm had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $9.97 billion. During the same period in the prior year, the company earned $0.17 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Warner Bros. Discovery will post -1.19 earnings per share for the current fiscal year.

About Warner Bros. Discovery

(Get Free Report

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 third parties and networks 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.

Recommended Stories

Analyst Recommendations for Warner Bros. Discovery (NASDAQ:WBD)

Receive News & Ratings for Warner Bros. Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Bros. Discovery and related companies with MarketBeat.com's FREE daily email newsletter.