Warner Bros. Discovery (NASDAQ:WBD) Upgraded at Moffett Nathanson

Moffett Nathanson upgraded shares of Warner Bros. Discovery (NASDAQ:WBD) from a neutral rating to a buy rating in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage currently has $13.00 target price on the stock, up from their previous target price of $9.00.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Guggenheim upped their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities lifted their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.76.

Warner Bros. Discovery Stock Up 2.3 %

NASDAQ WBD opened at $10.28 on Tuesday. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $10.39 and its two-hundred day moving average is $8.78. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of -2.24, a PEG ratio of 5.95 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the previous year, the firm earned ($0.17) EPS. Warner Bros. Discovery’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts forecast 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, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Trading of Warner Bros. Discovery

A number of hedge funds have recently modified their holdings of WBD. Caprock Group LLC increased its position in shares of Warner Bros. Discovery by 68.8% in the 4th quarter. Caprock Group LLC now owns 20,157 shares of the company’s stock valued at $213,000 after buying an additional 8,213 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at about $37,000. SOL Capital Management CO increased its holdings in shares of Warner Bros. Discovery by 0.9% in the fourth quarter. SOL Capital Management CO now owns 474,316 shares of the company’s stock worth $5,014,000 after acquiring an additional 4,413 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Warner Bros. Discovery by 25.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,550,885 shares of the company’s stock worth $37,533,000 after purchasing an additional 724,393 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Warner Bros. Discovery by 21.1% during the 4th quarter. Perigon Wealth Management LLC now owns 18,541 shares of the company’s stock valued at $196,000 after purchasing an additional 3,231 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

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.