Weekly Analysts’ Ratings Changes for Warner Bros. Discovery (WBD)

A number of firms have modified their ratings and price targets on shares of Warner Bros. Discovery (NASDAQ: WBD) recently:

• 12/19/2024 – Warner Bros. Discovery had its price target raised by analysts at The Goldman Sachs Group, Inc. from $9.50 to $10.75. They now have a “neutral” rating on the stock.
• 12/13/2024 – Warner Bros. Discovery had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $16.00 price target on the stock.
• 12/13/2024 – Warner Bros. Discovery had its price target raised by analysts at Rosenblatt Securities from $9.00 to $13.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – Warner Bros. Discovery had its “buy” rating reaffirmed by analysts at Bank of America Co.. They now have a $14.00 price target on the stock.
• 12/12/2024 – Warner Bros. Discovery had its price target raised by analysts at Guggenheim from $11.00 to $12.50. They now have a “buy” rating on the stock.
• 12/10/2024 – Warner Bros. Discovery had its price target raised by analysts at KeyCorp from $11.00 to $14.00. They now have an “overweight” rating on the stock.
• 11/11/2024 – Warner Bros. Discovery was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating.
• 11/8/2024 – Warner Bros. Discovery had its price target raised by analysts at Raymond James from $11.00 to $12.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Warner Bros. Discovery had its price target raised by analysts at Macquarie from $8.00 to $9.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Warner Bros. Discovery had its price target raised by analysts at Barclays PLC from $8.00 to $10.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – Warner Bros. Discovery had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $12.00 price target on the stock.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD traded down $0.14 during midday trading on Thursday, reaching $10.49. The stock had a trading volume of 30,065,808 shares, compared to its average volume of 29,656,426. The stock has a market cap of $25.73 billion, a P/E ratio of -2.29 and a beta of 1.52. 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, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The firm has a fifty day simple moving average of $9.32 and a two-hundred day simple moving average of $8.31.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the business posted ($0.17) earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that Warner Bros. Discovery, Inc. will post -4.37 EPS for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction dated 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 directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Warner Bros. Discovery

Several institutional investors and hedge funds have recently made changes to their positions in WBD. Principal Financial Group Inc. grew its stake in 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 worth $21,281,000 after acquiring an additional 78,653 shares during the period. Franklin Resources Inc. increased its stake in shares of Warner Bros. Discovery by 111.0% during the 3rd quarter. Franklin Resources Inc. now owns 375,462 shares of the company’s stock valued at $2,831,000 after acquiring an additional 197,528 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Warner Bros. Discovery by 17.3% during the 3rd quarter. Synovus Financial Corp now owns 69,192 shares of the company’s stock worth $571,000 after acquiring an additional 10,199 shares during the period. Tidal Investments LLC grew its holdings in Warner Bros. Discovery by 89.5% in the third quarter. Tidal Investments LLC now owns 142,649 shares of the company’s stock valued at $1,177,000 after purchasing an additional 67,355 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at $1,545,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

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.