Barclays Forecasts Strong Price Appreciation for Warner Bros. Discovery (NASDAQ:WBD) Stock

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) had its price target lifted by analysts at Barclays from $10.00 to $12.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 6.01% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a report on Friday. Wolfe Research upgraded shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Raymond James increased their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Finally, Barrington Research reiterated an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.75.

Warner Bros. Discovery Stock Up 2.7 %

Warner Bros. Discovery stock traded up $0.30 during trading hours on Friday, reaching $11.32. The stock had a trading volume of 45,822,252 shares, compared to its average volume of 29,979,793. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $27.77 billion, a price-to-earnings ratio of -2.47, a PEG ratio of 8.64 and a beta of 1.49. The business's 50 day moving average price is $10.34 and its 200-day moving average price is $9.31.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Sell-side analysts anticipate that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the transaction, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Savalle Sims sold 169,436 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 599,317 shares of the company's stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of hedge funds and other institutional investors have recently bought and sold shares of WBD. AMF Tjanstepension AB purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at about $1,031,000. Allspring Global Investments Holdings LLC boosted its holdings in Warner Bros. Discovery by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 107,240 shares of the company's stock valued at $885,000 after acquiring an additional 1,651 shares during the period. International Assets Investment Management LLC boosted its holdings in Warner Bros. Discovery by 629.4% during the 3rd quarter. International Assets Investment Management LLC now owns 189,239 shares of the company's stock valued at $1,561,000 after acquiring an additional 163,295 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Warner Bros. Discovery by 55.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 614,390 shares of the company's stock valued at $5,079,000 after acquiring an additional 218,270 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Warner Bros. Discovery by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 260,070 shares of the company's stock valued at $2,145,000 after acquiring an additional 17,590 shares during the period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

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.