Warner Bros. Discovery (NASDAQ:WBD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its price target lifted by JPMorgan Chase & Co. from $9.00 to $10.00 in a research note published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on WBD. Rosenblatt Securities lifted their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a report on Thursday, October 10th. Guggenheim raised their price objective on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a report on Thursday, December 12th. Barclays upped their target price on Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.56.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock traded down $0.11 during midday trading on Tuesday, hitting $9.73. 29,275,384 shares of the company's stock were exchanged, compared to its average volume of 28,695,414. The stock has a 50-day moving average price of $10.30 and a two-hundred day moving average price of $8.67. Warner Bros. Discovery has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a market cap of $23.87 billion, a P/E ratio of -2.12 and a beta of 1.52. 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 (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.12. 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 $9.62 billion for the quarter, compared to analysts' expectations of $9.79 billion. During the same period in the prior year, the business earned ($0.17) earnings per share. Warner Bros. Discovery's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Warner Bros. Discovery will post -4.37 earnings per share for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now directly owns 599,317 shares of the company's stock, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Warner Bros. Discovery

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of Warner Bros. Discovery by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after purchasing an additional 78,653 shares during the period. Hauser Brothers GmbH raised its holdings in Warner Bros. Discovery by 56.1% in the third quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company's stock worth $10,106,000 after purchasing an additional 440,000 shares in the last quarter. Private Management Group Inc. lifted its position in Warner Bros. Discovery by 37.7% during the third quarter. Private Management Group Inc. now owns 6,886,143 shares of the company's stock valued at $56,811,000 after buying an additional 1,886,868 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $1,474,000. Finally, Blueshift Asset Management LLC bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $588,000. Institutional investors own 59.95% of the company's stock.

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.