Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Rating of “Hold” from Brokerages

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been assigned an average recommendation of “Hold” from the twenty-three analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.3026.

Several research analysts have weighed in on the stock. Arete Research reiterated a “neutral” rating and issued a $31.25 price objective on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft cut shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and boosted their price target for the company from $29.50 to $31.00 in a report on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price target on shares of Warner Bros. Discovery and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Guggenheim lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $25.00 to $30.00 in a report on Wednesday, January 14th. Finally, Moffett Nathanson raised Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th.

Insider Activity at Warner Bros. Discovery

In related news, insider Gerhard Zeiler sold 600,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the completion of the sale, the insider owned 672,649 shares of the company’s stock, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels sold 374,323 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total value of $10,499,760.15. Following the completion of the transaction, the chief financial officer owned 663,380 shares in the company, valued at $18,607,809. This represents a 36.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.90% 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 business. Concord Wealth Partners raised its holdings in shares of Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Swiss RE Ltd. bought a new stake in Warner Bros. Discovery in the fourth quarter worth $26,000. Physician Wealth Advisors Inc. boosted its holdings in Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Warner Bros. Discovery during the fourth quarter worth $29,000. Finally, MV Capital Management Inc. acquired a new position in Warner Bros. Discovery during the fourth quarter worth $30,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $27.32 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. Warner Bros. Discovery has a one year low of $7.52 and a one year high of $30.00. The business has a 50-day moving average price of $27.80 and a two-hundred day moving average price of $25.34. The firm has a market capitalization of $67.75 billion, a PE ratio of 94.21 and a beta of 1.63.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. Warner Bros. Discovery’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) EPS. As a group, analysts predict that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.