Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Recommendation of "Moderate Buy" from Brokerages

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-one research firms that are covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.76.

A number of equities research analysts have issued reports on WBD shares. Guggenheim increased 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. Bank of America reiterated a "buy" rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Macquarie upped their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. KeyCorp boosted their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Finally, Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and raised their price target for the company from $9.00 to $13.00 in a research note on Tuesday, January 21st.

Insider Transactions at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Trading of Warner Bros. Discovery

A number of hedge funds have recently bought and sold shares of WBD. Golden State Equity Partners grew its holdings in Warner Bros. Discovery by 6.5% during the fourth quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock valued at $170,000 after purchasing an additional 986 shares during the period. Deseret Mutual Benefit Administrators raised its position in shares of Warner Bros. Discovery by 12.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after buying an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Warner Bros. Discovery by 7.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after acquiring an additional 1,101 shares during the last quarter. Personal CFO Solutions LLC grew its stake in Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock worth $454,000 after buying an additional 1,174 shares in the last quarter. Finally, Avestar Capital LLC boosted its holdings in shares of Warner Bros. Discovery by 9.4% in the 4th quarter. Avestar Capital LLC now owns 14,337 shares of the company's stock worth $152,000 after purchasing an additional 1,228 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded down $0.13 during mid-day trading on Wednesday, hitting $9.85. 27,456,604 shares of the stock were exchanged, compared to its average volume of 26,028,492. The firm's 50-day simple moving average is $10.43 and its 200 day simple moving average is $9.01. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of -2.15, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

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.