Warner Bros. Discovery (NASDAQ:WBD) Trading Down 1.1%

Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s share price fell 1.1% during trading on Monday . The stock traded as low as $7.21 and last traded at $7.32. 4,242,948 shares changed hands during trading, a decline of 85% from the average session volume of 27,476,822 shares. The stock had previously closed at $7.40.

Wall Street Analyst Weigh In

WBD has been the topic of a number of recent analyst reports. Sanford C. Bernstein dropped their price target on Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 17th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, May 10th. KeyCorp upgraded Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 target price on the stock in a research note on Friday, May 10th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Warner Bros. Discovery has a consensus rating of “Hold” and an average target price of $12.82.

Warner Bros. Discovery Trading Up 0.1 %

The company has a market cap of $18.16 billion, a PE ratio of -5.90 and a beta of 1.50. The stock has a fifty day moving average of $7.69 and a 200-day moving average of $8.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). The firm had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $10.22 billion. Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Sell-side analysts anticipate that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of institutional investors have recently added to or reduced their stakes in WBD. Czech National Bank raised its stake in shares of Warner Bros. Discovery by 8.8% during the 2nd quarter. Czech National Bank now owns 424,906 shares of the company’s stock worth $3,161,000 after acquiring an additional 34,454 shares in the last quarter. Curated Wealth Partners LLC increased its holdings in shares of Warner Bros. Discovery by 199.9% during the second quarter. Curated Wealth Partners LLC now owns 44,979 shares of the company’s stock valued at $335,000 after acquiring an additional 89,990 shares in the last quarter. ACT Wealth Management LLC raised its position in shares of Warner Bros. Discovery by 55.7% in the 2nd quarter. ACT Wealth Management LLC now owns 46,560 shares of the company’s stock valued at $346,000 after purchasing an additional 16,655 shares during the last quarter. O Keefe Stevens Advisory Inc. grew its position in Warner Bros. Discovery by 2.2% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 776,464 shares of the company’s stock worth $5,777,000 after purchasing an additional 17,029 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Warner Bros. Discovery by 14.1% during the 2nd quarter. Mather Group LLC. now owns 15,433 shares of the company’s stock valued at $115,000 after purchasing an additional 1,909 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

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.