Warner Bros. Discovery (NASDAQ:WBD) Insider Bruce Campbell Sells 150,000 Shares

Warner Bros. Discovery, Inc. (NASDAQ:WBD) insider Bruce Campbell sold 150,000 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $18.00, for a total value of $2,700,000.00. Following the completion of the transaction, the insider owned 252,464 shares of the company’s stock, valued at $4,544,352. This trade represents a 37.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bruce Campbell also recently made the following trade(s):

• On Thursday, September 11th, Bruce Campbell sold 289,322 shares of Warner Bros. Discovery stock. The shares were sold at an average price of $16.48, for a total value of $4,768,026.56.

Warner Bros. Discovery Trading Up 16.7%

Shares of NASDAQ WBD opened at $18.87 on Friday. Warner Bros. Discovery, Inc. has a one year low of $7.25 and a one year high of $19.33. The firm has a market capitalization of $46.72 billion, a PE ratio of 62.90, a PEG ratio of 2.15 and a beta of 1.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $12.40 and a two-hundred day moving average price of $10.66.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a return on equity of 2.14% and a net margin of 2.00%.The firm had revenue of $9.81 billion during the quarter, compared to analyst estimates of $9.73 billion. During the same period last year, the company posted ($4.07) EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC bought a new position in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $27,000. Financial Gravity Companies Inc. bought a new position in shares of Warner Bros. Discovery in the 2nd quarter valued at approximately $29,000. North Capital Inc. bought a new position in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $28,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $29,000. 59.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WBD shares. Morgan Stanley raised their price objective on Warner Bros. Discovery from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Raymond James Financial decreased their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Guggenheim restated a “buy” rating on shares of Warner Bros. Discovery in a research report on Tuesday, June 10th. UBS Group raised their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price target on Warner Bros. Discovery from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.20.

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.