Warner Bros. Discovery (WBD) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Warner Bros. Discovery (NASDAQ: WBD):

• 11/11/2024 – Warner Bros. Discovery was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating.
• 11/8/2024 – Warner Bros. Discovery had its price target raised by analysts at Raymond James from $11.00 to $12.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Warner Bros. Discovery had its price target raised by analysts at Macquarie from $8.00 to $9.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Warner Bros. Discovery had its price target raised by analysts at Barclays PLC from $8.00 to $10.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – Warner Bros. Discovery had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $12.00 price target on the stock.
• 10/10/2024 – Warner Bros. Discovery had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/7/2024 – Warner Bros. Discovery had its price target raised by analysts at The Goldman Sachs Group, Inc. from $7.50 to $8.50. They now have a “neutral” rating on the stock.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock opened at $10.38 on Friday. The business’s 50-day moving average price is $8.49 and its two-hundred day moving average price is $8.02. The stock has a market cap of $25.46 billion, a PE ratio of -2.27 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Warner Bros. Discovery’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) earnings per share. As a group, analysts expect that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Warner Bros. Discovery by 4.1% in the third quarter. State Street Corp now owns 151,285,963 shares of the company’s stock worth $1,248,109,000 after purchasing an additional 5,898,611 shares in the last quarter. Sessa Capital IM L.P. boosted its stake in Warner Bros. Discovery by 24.7% during the third quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company’s stock worth $234,386,000 after acquiring an additional 5,625,545 shares in the last quarter. EdgePoint Investment Group Inc. grew its holdings in Warner Bros. Discovery by 2.6% in the third quarter. EdgePoint Investment Group Inc. now owns 21,396,719 shares of the company’s stock worth $176,523,000 after purchasing an additional 541,192 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Warner Bros. Discovery by 1.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 20,889,437 shares of the company’s stock valued at $172,338,000 after purchasing an additional 329,620 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Warner Bros. Discovery by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company’s stock valued at $129,405,000 after purchasing an additional 687,612 shares during the period. Institutional investors own 59.95% of the company’s stock.

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.