Warner Bros. Discovery (NASDAQ:WBD) Given New $25.00 Price Target at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD) had its price target lifted by Barrington Research from $16.00 to $25.00 in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

WBD has been the topic of a number of other reports. Raymond James Financial upped their target price on shares of Warner Bros. Discovery from $13.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Warner Bros. Discovery from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Guggenheim upped their target price on shares of Warner Bros. Discovery from $14.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings upgraded shares of Warner Bros. Discovery from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price objective on shares of Warner Bros. Discovery from $14.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Hold” and a consensus price target of $19.14.

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $20.99 on Tuesday. Warner Bros. Discovery has a 1 year low of $7.49 and a 1 year high of $21.57. The firm’s 50 day moving average is $16.78 and its 200-day moving average is $12.67. The firm has a market capitalization of $51.97 billion, a price-to-earnings ratio of 69.97, a PEG ratio of 2.56 and a beta of 1.73. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.79. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The company had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.73 billion. During the same period in the prior year, the business earned ($4.07) earnings per share. Warner Bros. Discovery’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 530,793 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $19.50, for a total value of $10,350,463.50. Following the sale, the chief financial officer directly owned 1,141,150 shares in the company, valued at approximately $22,252,425. This trade represents a 31.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anton J. Levy bought 250,000 shares of the business’s stock in a transaction on Monday, August 11th. The stock was purchased at an average price of $10.90 per share, for a total transaction of $2,725,000.00. Following the completion of the acquisition, the director owned 874,000 shares of the company’s stock, valued at approximately $9,526,600. This trade represents a 40.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 970,115 shares of company stock worth $17,818,490 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Warner Bros. Discovery

Hedge funds have recently bought and sold shares of the company. Grove Bank & Trust raised its holdings in Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares during the period. Crews Bank & Trust raised its holdings in Warner Bros. Discovery by 1,242.2% in the third quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after purchasing an additional 1,590 shares during the period. Meeder Asset Management Inc. raised its holdings in Warner Bros. Discovery by 183.9% in the third quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock worth $37,000 after purchasing an additional 1,225 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of Warner Bros. Discovery by 73.8% during the third quarter. Cranbrook Wealth Management LLC now owns 1,929 shares of the company’s stock worth $38,000 after acquiring an additional 819 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its position in shares of Warner Bros. Discovery by 69.7% during the third quarter. Salomon & Ludwin LLC now owns 2,075 shares of the company’s stock worth $39,000 after acquiring an additional 852 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

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.