The price of Warner Bros. Discovery Inc (NASDAQ:WBD) shares last traded on Wall Street rose 3.14% to $9.85.
Based on available information, 32 analysts follow 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 $26.00 and a low of $10.00, we find $18.00. Given the previous closing price of $9.55, this indicates a potential upside of 88.48 percent. WBD stock price is now -12.16% away from the 50-day moving average and -24.27% away from the 200-day moving average. The market capitalization of the company currently stands at $24.01B.
Among analysts, 10 rate the stock a hold while 19 rate it a buy. Brokers who have rated the stock have averaged $17.87 as their price target over the next twelve months.
With the price target of $19, Seaport Research Partners recently initiated with Buy rating for Warner Bros. Discovery Inc (NASDAQ: WBD).
In other news, Zeiler Gerhard, President, International bought 38,000 shares of the company’s stock on Aug 07. The stock was bought for $535,420 at an average price of $14.09. Upon completion of the transaction, the President, International now directly owns 329,032 shares in the company, valued at $3.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Chief Financial Officer Wiedenfels Gunnar bought 15,000 shares of the business’s stock. A total of $168,285 was incurred on buying the stock at an average price of $11.22. This leaves the insider owning 738,849 shares of the company worth $7.28 million. Insiders disposed of 984,297 shares of company stock worth roughly $9.7 million over the past 1 year. A total of 9.34% 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 EDGEPOINT INVESTMENT GROUP INC. during the first quarter worth $154,661,000. BOSTON PARTNERS invested $98,006,000 in shares of WBD during the first quarter. In the first quarter, SIMCOE CAPITAL MANAGEMENT, LLC acquired a new stake in Warner Bros. Discovery Inc valued at approximately $47,556,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in WBD for approximately $16,410,000. GLENVIEW CAPITAL MANAGEMENT, LLC purchased a new stake in WBD valued at around $15,999,000 in the second quarter. In total, there are 1,641 active investors with 59.82% ownership of the company’s stock.
A candlestick chart of Warner Bros. Discovery Inc (NASDAQ: WBD) showed a price of $9.65 on Monday morning. During the past 12 months, Warner Bros. Discovery Inc has had a low of $8.82 and a high of $16.34. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 0.81, and a quick ratio of 0.81. The fifty day moving average price for WBD is $11.16 and a two-hundred day moving average price translates $12.99 for the stock.
The latest earnings results from Warner Bros. Discovery Inc (NASDAQ: WBD) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at -$0.51, missing analysts’ expectations of -$0.38 by -0.13. This compares to -$1.49 EPS in the same period last year. The net profit margin was -16.04% and return on equity was -13.88% for WBD. The company reported revenue of $10.36 billion for the quarter, compared to $9.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.4 percent. For the current quarter, analysts expect WBD to generate $10.04B 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.
