Warner Bros. Discovery (NASDAQ:WBD) Given New $10.75 Price Target at The Goldman Sachs Group

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its target price lifted by The Goldman Sachs Group from $9.50 to $10.75 in a research note published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other research firms have also recently commented on WBD. Macquarie boosted their price objective 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. KeyCorp lifted their target price 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. Bank of America reaffirmed a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. 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 Friday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.44.

Warner Bros. Discovery Trading Down 1.3 %

WBD stock traded down $0.14 during midday trading on Thursday, reaching $10.49. The company's stock had a trading volume of 30,211,072 shares, compared to its average volume of 29,687,506. The business's 50-day simple moving average is $9.32 and its 200-day simple moving average is $8.31. The stock has a market cap of $25.73 billion, a PE ratio of -2.29 and a beta of 1.52. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.79 billion. During the same period in the prior year, the business posted ($0.17) EPS. Warner Bros. Discovery's revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Warner Bros. Discovery will post -4.37 EPS for the current year.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the firm's stock in a transaction 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 transaction, the insider now owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Warner Bros. Discovery

Several large investors have recently modified their holdings of the company. Family Firm Inc. bought a new position in Warner Bros. Discovery in the second quarter worth approximately $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at about $41,000. Larson Financial Group LLC lifted its position in shares of 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 in the last quarter. Quarry LP grew its holdings in shares of Warner Bros. Discovery by 2,185.1% in the second quarter. Quarry LP now owns 6,307 shares of the company's stock valued at $47,000 after acquiring an additional 6,031 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Warner Bros. Discovery in the 3rd quarter valued at $51,000. 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.