Warner Bros. Discovery, Inc. (NASDAQ:WBD – Get Rating) was the target of unusually large options trading activity on Thursday. Investors bought 91,417 call options on the stock. This is an increase of approximately 26% compared to the average daily volume of 72,403 call options.
Warner Bros. Discovery Price Performance
Warner Bros. Discovery stock opened at $15.00 on Friday. The stock's 50 day moving average is $11.15 and its 200 day moving average is $12.35. Warner Bros. Discovery has a one year low of $8.82 and a one year high of $27.50. The firm has a market cap of $36.43 billion, a P/E ratio of -8.93, a P/E/G ratio of 1.34 and a beta of 1.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.86.
Get Warner Bros. Discovery alerts:Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $10.51 billion. Warner Bros. Discovery had a negative net margin of 20.13% and a positive return on equity of 2.18%. As a group, research analysts expect that Warner Bros. Discovery will post 0.65 EPS for the current year.
Institutional Trading of Warner Bros. Discovery
Several large investors have recently modified their holdings of WBD. Country Trust Bank acquired a new stake in shares of Warner Bros. Discovery in the 3rd quarter worth about $25,000. JCIC Asset Management Inc. bought a new stake in Warner Bros. Discovery in the 3rd quarter worth about $25,000. Peoples Financial Services CORP. purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $26,000. Finally, Guardian Wealth Advisors LLC bought a new stake in Warner Bros. Discovery in the third quarter worth about $26,000. Institutional investors and hedge funds own 55.18% of the company's stock.Wall Street Analyst Weigh In
WBD has been the topic of a number of research reports. Guggenheim raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and set a $16.50 price objective on the stock in a report on Wednesday, January 11th. Credit Suisse Group dropped their price objective on shares of Warner Bros. Discovery from $39.00 to $36.00 and set an "outperform" rating for the company in a research note on Thursday, October 13th. Macquarie decreased their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 4th. Royal Bank of Canada dropped their price target on shares of Warner Bros. Discovery from $44.00 to $27.00 and set an "outperform" rating for the company in a research report on Monday, November 7th. Finally, Cowen reduced their price target on Warner Bros. Discovery to $17.00 in a research report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus target price of $22.18.
Warner Bros. Discovery Company Profile
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Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.
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