Warner Bros. Discovery (NASDAQ:WBD) Earns Outperform Rating from Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $16.00 price target on the stock. Barrington Research’s price objective points to a potential upside of 49.53% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group increased their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Bank of America reiterated a “buy” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Rosenblatt Securities boosted their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Macquarie increased their price objective on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Guggenheim raised their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.91.

Warner Bros. Discovery Trading Down 6.4 %

Warner Bros. Discovery stock opened at $10.70 on Wednesday. Warner Bros. Discovery has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of -2.34, a PEG ratio of 8.64 and a beta of 1.49. The firm has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $9.35.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). 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 $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Sell-side analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its position in shares of Warner Bros. Discovery by 26.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,826,492 shares of the company’s stock worth $23,319,000 after purchasing an additional 586,198 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Warner Bros. Discovery by 5.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 919,611 shares of the company’s stock valued at $7,587,000 after buying an additional 47,542 shares during the period. 1834 Investment Advisors Co. grew its holdings in shares of Warner Bros. Discovery by 5.5% during the 3rd quarter. 1834 Investment Advisors Co. now owns 39,890 shares of the company’s stock valued at $329,000 after acquiring an additional 2,066 shares in the last quarter. M&G PLC grew its holdings in shares of Warner Bros. Discovery by 84.5% during the 3rd quarter. M&G PLC now owns 1,132,579 shares of the company’s stock valued at $9,061,000 after acquiring an additional 518,750 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Warner Bros. Discovery by 3.1% in the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after acquiring an additional 78,653 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

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.