Warner Bros. Discovery (NASDAQ:WBD) Given Market Perform Rating at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “market perform” rating reissued by investment analysts at Barrington Research in a note issued to investors on Friday,Benzinga reports.

A number of other research analysts also recently commented on WBD. Singular Research raised Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Arete Research raised Warner Bros. Discovery to a “strong-buy” rating in a report on Tuesday, October 28th. Argus set a $27.00 price target on shares of Warner Bros. Discovery in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Warner Bros. Discovery from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, TD Cowen upped their price target on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.92.

Warner Bros. Discovery Price Performance

NASDAQ WBD traded up $1.46 during trading on Friday, reaching $26.00. 172,159,149 shares of the company traded hands, compared to its average volume of 48,366,398. The stock’s 50 day moving average price is $21.25 and its two-hundred day moving average price is $15.36. Warner Bros. Discovery has a 1-year low of $7.52 and a 1-year high of $26.01. The company has a market cap of $64.41 billion, a price-to-earnings ratio of 136.69, a P/E/G ratio of 1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The business had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the company posted $0.05 EPS. Warner Bros. Discovery’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts anticipate that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Bruce Campbell sold 150,000 shares of the company’s stock in a transaction 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 transaction, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gunnar Wiedenfels sold 222,210 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $22.50, for a total transaction of $4,999,725.00. Following the completion of the transaction, the chief financial officer owned 918,940 shares in the company, valued at $20,676,150. This represents a 19.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,202,325 shares of company stock valued at $23,053,615. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Several large investors have recently added to or reduced their stakes in the stock. Concord Wealth Partners grew its stake in shares of Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after purchasing an additional 847 shares during the period. Grove Bank & Trust grew its stake in shares of Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after acquiring an additional 675 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Warner Bros. Discovery during the 3rd quarter worth about $33,000. Finally, Crews Bank & Trust lifted its position in shares of Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock worth $34,000 after acquiring an additional 1,590 shares during the period. 59.95% of the stock is owned by institutional investors and hedge funds.

About Warner Bros. Discovery

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.