Warner Bros. Discovery, Inc. (NASDAQ:WBD) Director Buys $197,917.86 in Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price 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 of the company's stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock traded up $0.11 during trading on Wednesday, reaching $11.43. The company had a trading volume of 40,442,219 shares, compared to its average volume of 30,004,672. The firm has a market capitalization of $28.04 billion, a PE ratio of -2.50, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. The firm's 50-day simple moving average is $10.36 and its 200 day simple moving average is $9.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to analysts' expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on WBD. Macquarie increased their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Rosenblatt Securities increased their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Guggenheim lifted their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, December 12th. KeyCorp upped their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Finally, Barrington Research reissued an "outperform" rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and an average target price of $11.91.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Colonial Trust Advisors raised its position in shares of Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after purchasing an additional 1,940 shares during the last quarter. Graney & King LLC acquired a new position in shares of Warner Bros. Discovery in the 4th quarter valued at $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $29,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

About Warner Bros. Discovery

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.