Warner Bros. Discovery (NASDAQ:WBD) Earns “Buy” Rating from Benchmark

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “buy” rating reissued by Benchmark in a research report issued on Wednesday,Benzinga reports. They presently have a $18.00 price objective on the stock. Benchmark’s target price suggests a potential upside of 67.63% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Raymond James upped their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barrington Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, December 13th. JPMorgan Chase & Co. upped their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Rosenblatt Securities raised their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Macquarie upped their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery presently has an average rating of “Moderate Buy” and an average price target of $11.76.

Warner Bros. Discovery Trading Up 0.4 %

Shares of WBD stock opened at $10.74 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $26.34 billion, a price-to-earnings ratio of -2.34, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49. Warner Bros. Discovery has a 12-month low of $6.64 and a 12-month high of $12.70. The stock’s 50-day moving average price is $10.31 and its 200-day moving average price is $9.19.

Insiders Place Their Bets

In other news, insider Savalle Sims sold 169,436 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Warner Bros. Discovery

Hedge funds and other institutional investors have recently made changes to their positions in the company. Colonial Trust Advisors lifted its stake in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after buying an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery during the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. boosted its stake in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after buying an additional 1,940 shares during the last quarter. Graney & King LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter worth $28,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Warner Bros. Discovery during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Company Profile

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.