Warner Bros. Discovery Sees Unusually High Options Volume (NASDAQ:WBD)

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock traders acquired 85,104 call options on the company. This is an increase of approximately 202% compared to the typical volume of 28,206 call options.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded up $0.31 during mid-day trading on Monday, hitting $11.09. 48,739,337 shares of the stock traded hands, compared to its average volume of 27,181,107. 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 company has a market cap of $27.21 billion, a PE ratio of -2.42, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The firm has a 50 day simple moving average of $10.33 and a two-hundred day simple moving average of $9.14.

Analysts Set New Price Targets

WBD has been the topic of several analyst reports. Raymond James upped their target price on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. The Goldman Sachs Group upped their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. KeyCorp boosted their target price on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Finally, Wolfe Research upgraded shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $11.76.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of Warner Bros. Discovery stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was a 22.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WBD. Colonial Trust Advisors raised its stake in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after acquiring an additional 996 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares during the period. Graney & King LLC bought a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $28,000. Finally, Ethos Financial Group LLC bought a new position in Warner Bros. Discovery during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 59.95% of the company's stock.

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.