Warner Bros. Discovery (NASDAQ:WBD) Upgraded by Singular Research to "Moderate Buy" Rating

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) was upgraded by Singular Research to a "moderate buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, September 12th. Guggenheim upped their price target on shares of Warner Bros. Discovery from $14.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Seaport Global Securities upped their price target on shares of Warner Bros. Discovery from $15.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Morgan Stanley upped their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company an "equal weight" rating in a research note on Thursday, September 25th. Finally, UBS Group upped their price target on shares of Warner Bros. Discovery from $10.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.68.

Warner Bros. Discovery Stock Up 3.5%

Warner Bros. Discovery stock opened at $21.25 on Wednesday. Warner Bros. Discovery has a twelve month low of $7.35 and a twelve month high of $21.56. The firm has a 50 day moving average price of $16.22 and a 200-day moving average price of $12.35. The company has a market capitalization of $52.61 billion, a P/E ratio of 70.84, a P/E/G ratio of 2.49 and a beta of 1.73. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.79. The firm had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The company's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.07) EPS. As a group, equities analysts predict that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insiders Place Their Bets

In other Warner Bros. Discovery news, CFO Gunnar Wiedenfels sold 530,793 shares of the stock in a transaction that occurred 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 $22,252,425. This represents a 31.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce Campbell sold 150,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $18.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the insider owned 252,464 shares in the company, valued at $4,544,352. This represents a 37.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 970,115 shares of company stock worth $17,818,490 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of institutional investors have recently made changes to their positions in WBD. Brighton Jones LLC increased its holdings in shares of Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock worth $729,000 after buying an additional 51,920 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Warner Bros. Discovery by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 45,942 shares of the company's stock worth $493,000 after buying an additional 6,354 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Warner Bros. Discovery by 10.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 221,774 shares of the company's stock worth $2,380,000 after buying an additional 21,147 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Warner Bros. Discovery by 4.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 219,391 shares of the company's stock worth $2,354,000 after buying an additional 9,075 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 9.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 14,955 shares of the company's stock worth $160,000 after buying an additional 1,318 shares during the last quarter. Institutional investors 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.

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