Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) PT at $13.25

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been given an average rating of “Hold” by the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.9583.

A number of brokerages have weighed in on WBD. Cowen downgraded Warner Bros. Discovery from a “buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Barrington Research reissued an “outperform” rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price target on Warner Bros. Discovery from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Moffett Nathanson boosted their price target on Warner Bros. Discovery from $14.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Benchmark reissued a “buy” rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research report on Monday, July 14th.

Insider Activity

In other news, CFO Gunnar Wiedenfels sold 530,793 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $19.50, for a total value of $10,350,463.50. Following the transaction, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at approximately $22,252,425. This represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anton J. Levy purchased 250,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average price of $10.90 per share, with a total value of $2,725,000.00. Following the completion of the purchase, the director owned 874,000 shares of the company’s stock, valued at $9,526,600. This trade represents a 40.06% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 970,115 shares of company stock valued at $17,818,490. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its stake in shares of Warner Bros. Discovery by 34.9% in the first quarter. Voya Investment Management LLC now owns 7,035,842 shares of the company’s stock valued at $75,495,000 after buying an additional 1,820,249 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $4,914,000. Polar Asset Management Partners Inc. bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $3,022,000. Hi Line Capital Management LLC boosted its stake in shares of Warner Bros. Discovery by 17.8% in the first quarter. Hi Line Capital Management LLC now owns 597,478 shares of the company’s stock valued at $6,411,000 after buying an additional 90,462 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Warner Bros. Discovery by 10.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 14,113,962 shares of the company’s stock worth $151,443,000 after purchasing an additional 1,295,782 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock opened at $19.64 on Thursday. The firm has a market cap of $48.61 billion, a price-to-earnings ratio of 65.45, a price-to-earnings-growth ratio of 2.58 and a beta of 1.59. The stock’s 50-day moving average is $13.28 and its 200-day moving average is $10.98. Warner Bros. Discovery has a one year low of $7.25 and a one year high of $19.70. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.04 and a quick ratio of 1.04.

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

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.