Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Rating of "Hold" from Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have received a consensus rating of "Hold" from the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $11.46.

WBD has been the subject of several research analyst reports. Raymond James raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Rosenblatt Securities lifted their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Wolfe Research raised Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Finally, KeyCorp lifted their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th.

Insider Activity

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction 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 $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Warner Bros. Discovery

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at about $41,000. Larson Financial Group LLC raised its position in Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock valued at $41,000 after purchasing an additional 1,754 shares during the period. Quarry LP lifted its stake in shares of Warner Bros. Discovery by 2,185.1% in the 2nd quarter. Quarry LP now owns 6,307 shares of the company's stock valued at $47,000 after purchasing an additional 6,031 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Warner Bros. Discovery in the 3rd quarter worth approximately $51,000. Finally, William B. Walkup & Associates Inc. bought a new position in shares of Warner Bros. Discovery during the 2nd quarter valued at approximately $59,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Trading Down 3.6 %

Shares of WBD stock traded down $0.36 on Friday, hitting $9.70. 33,113,627 shares of the company's stock traded hands, compared to its average volume of 28,835,885. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of -2.12 and a beta of 1.50. The company's fifty day simple moving average is $10.26 and its 200 day simple moving average is $8.64. Warner Bros. Discovery has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned ($0.17) EPS. Equities analysts forecast that Warner Bros. Discovery will post -4.37 EPS for the current year.

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.