Warner Bros. Discovery's (WBD) "Outperform" Rating Reaffirmed at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $16.00 price objective on the stock. Barrington Research's price target would suggest a potential upside of 41.34% from the stock's current price.

Several other research analysts have also commented on the stock. Raymond James lifted their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Barclays lifted their target price on Warner Bros. Discovery from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Benchmark restated a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group increased their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of "Moderate Buy" and an average price target of $11.75.

Warner Bros. Discovery Trading Up 2.7 %

WBD opened at $11.32 on Wednesday. Warner Bros. Discovery has a 12-month low of $6.64 and a 12-month 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 stock has a market capitalization of $27.77 billion, a PE ratio of -2.47, a P/E/G ratio of 8.64 and a beta of 1.49. The firm's fifty day moving average price is $10.36 and its 200 day moving average price is $9.34.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The company had revenue of $10.03 billion during the quarter, compared to analyst estimates 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, research analysts expect that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Savalle Sims sold 169,436 shares of the firm'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 sale, the insider now 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. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently modified their holdings of WBD. Golden State Equity Partners increased its stake in Warner Bros. Discovery by 6.5% in the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock worth $170,000 after purchasing an additional 986 shares in the last quarter. Colonial Trust Advisors boosted its holdings in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after buying an additional 996 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of Warner Bros. Discovery by 12.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after acquiring an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Warner Bros. Discovery by 7.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after acquiring an additional 1,101 shares during the period. Finally, Personal CFO Solutions LLC lifted its position in shares of Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock valued at $454,000 after acquiring an additional 1,174 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Company Profile

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.

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