The Goldman Sachs Group Increases Warner Bros. Discovery (NASDAQ:WBD) Price Target to $10.75

Warner Bros. Discovery (NASDAQ:WBD) had its target price hoisted by research analysts at The Goldman Sachs Group from $9.50 to $10.75 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 0.56% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Rosenblatt Securities increased their price objective 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. Benchmark reiterated a “buy” rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Guggenheim boosted their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Macquarie upped their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $11.44.

Warner Bros. Discovery Trading Up 1.9 %

Shares of WBD stock opened at $10.69 on Thursday. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The stock’s fifty day moving average price is $9.44 and its two-hundred day moving average price is $8.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $26.22 billion, a PE ratio of -2.33 and a beta of 1.52.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.17) earnings per share. Equities analysts predict that Warner Bros. Discovery will post -4.37 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WBD. Family Firm Inc. bought a new stake in shares of Warner Bros. Discovery during the second quarter valued at approximately $26,000. Future Financial Wealth Managment LLC acquired a new stake in Warner Bros. Discovery in the 3rd quarter valued at $41,000. Larson Financial Group LLC increased its stake in Warner Bros. Discovery by 54.1% during the 3rd quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock valued at $41,000 after purchasing an additional 1,754 shares in the last quarter. Quarry LP raised its holdings in Warner Bros. Discovery by 2,185.1% during the second quarter. Quarry LP now owns 6,307 shares of the company’s stock worth $47,000 after buying an additional 6,031 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Warner Bros. Discovery in the third quarter valued at $51,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Company Profile

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.