Key Points
- Warner Bros. Discovery CAO Lori Locke sold 5,000 shares on Nov. 26 at an average price of $23.25 for $116,250, reducing her stake by about 3.33% to 145,084 shares; the sale was disclosed in an SEC filing.
- The stock opened at $23.99 and has a 1‑year range of $7.52–$24.20, while the company reported an earnings miss (EPS of -$0.06 vs. -$0.04 expected) with revenue down 6% year‑over‑year.
- Analysts hold a consensus rating of "Moderate Buy" with a $21.92 average price target, and institutions own roughly 59.95% of the shares amid several recent price‑target upgrades.
Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) CAO Lori Locke sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $23.25, for a total value of $116,250.00. Following the completion of the sale, the chief accounting officer owned 145,084 shares of the company's stock, valued at $3,373,203. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Warner Bros. Discovery Stock Performance
WBD opened at $23.99 on Friday. The stock has a market cap of $59.45 billion, a PE ratio of 79.97, a P/E/G ratio of 2.56 and a beta of 1.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $24.20. The stock's 50 day simple moving average is $20.87 and its 200-day simple moving average is $14.94.
Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued 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 2.14% and a net margin of 2.00%.The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the business earned $0.05 earnings per share. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. Sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Concord Wealth Partners grew its position in Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company's stock worth $26,000 after acquiring an additional 440 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Warner Bros. Discovery by 152.1% in 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 last quarter. Grove Bank & Trust boosted its stake in 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 purchasing an additional 675 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter worth $33,000. Finally, Crews Bank & Trust grew its holdings in shares of Warner Bros. Discovery by 1,242.2% during the third quarter. Crews Bank & Trust now owns 1,718 shares of the company's stock worth $34,000 after purchasing an additional 1,590 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Redburn Partners set a $28.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, October 30th. Guggenheim raised their price target on shares of Warner Bros. Discovery from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. Bank of America lifted their price objective on Warner Bros. Discovery from $16.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Wells Fargo & Company upped their price objective on Warner Bros. Discovery from $21.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, November 7th. Finally, Rothschild Redb upgraded Warner Bros. Discovery from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.92.
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About Warner Bros. Discovery
(
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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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