Warner Bros. Discovery Inc. (NASDAQ:WBD) shares traded 2.96% higher at $12.51 on Wall Street last session.
In accordance with the data, 28 analysts cover Warner Bros. Discovery Inc. (NASDAQ:WBD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $11.00, we find $19.00. Given the previous closing price of $12.15, this indicates a potential upside of 56.38 percent. WBD stock price is now -10.26% away from the 50-day moving average and -3.69% away from the 200-day moving average. The market capitalization of the company currently stands at $30.16B.
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It has been rated a hold by 9 analysts and a buy by 16. Brokers who have rated the stock have averaged $20.18 as their price target over the next twelve months.
With the price target maintained at $18, Barrington Research recently Upgraded its rating from Mkt Perform to Outperform for Warner Bros. Discovery Inc. (NASDAQ: WBD). On April 10, 2023, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $19, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Zeiler Gerhard, President, International bought 20,000 shares of the company’s stock on Aug 08. The stock was bought for $293,800 at an average price of $14.69. Upon completion of the transaction, the President, International now directly owns 230,507 shares in the company, valued at $2.88 million. Insiders disposed of 911,881 shares of company stock worth roughly $11.41 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WBD stock. A new stake in Warner Bros. Discovery Inc. shares was purchased by CAPITAL RESEARCH GLOBAL INVESTORS during the first quarter worth $141,276,000. ORBIS ALLAN GRAY LTD invested $122,117,000 in shares of WBD during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Warner Bros. Discovery Inc. valued at approximately $80,279,000. CONTOUR ASSET MANAGEMENT LLC acquired a new stake in WBD for approximately $54,690,000. FRONTIER CAPITAL MANAGEMENT CO LLC purchased a new stake in WBD valued at around $42,575,000 in the second quarter. In total, there are 1,673 active investors with 56.30% ownership of the company’s stock.
Warner Bros. Discovery Inc. (NASDAQ: WBD) opened at $12.29 on Wednesday. During the past 12 months, Warner Bros. Discovery Inc. has had a low of $8.82 and a high of $18.76. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for WBD is $13.89 and a two-hundred day moving average price translates $12.97 for the stock.
The latest earnings results from Warner Bros. Discovery Inc. (NASDAQ: WBD) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at -$0.44, missing analysts’ expectations of $0.01 by -0.45. This compares to $0.71 EPS in the same period last year. The net profit margin was -21.50% and return on equity was -18.40% for WBD. The company reported revenue of $10.7 billion for the quarter, compared to $3.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 238.71 percent. For the current quarter, analysts expect WBD to generate $10.58B in revenue.
Warner Bros. Discovery Inc.(WBD) Company Profile
Warner Bros. Discovery, Inc., operates 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 lienses television programs to third parties and networks 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. The Network segment comprises domestic and international television markets. The DTC segment offers premium pay-tv and streaming services. In addition, the company offers portfolio of content, brands, and franchises across television, film, streaming, and gaming under the Warner Bros. Pictures Group, Warner Bros. Television Group, DC, HBO, HBO Max, Discovery Channel, discovery+, CNN, HGTV, Food Network, TNT, TBS, TLC, OWN, Warner Bros. Games, Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings brands. Further, it provides content through distribution platforms including linear network, free-to-air, and broadcast television; authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer subscription products. Warner Bros. Discovery, Inc. was incorporated in 2008 and is headquartered in New York.
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