Amy Girdwood Sells 75,030 Shares of Warner Bros. Discovery (NASDAQ:WBD) Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Free Report) insider Amy Girdwood sold 75,030 shares of Warner Bros. Discovery stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total value of $2,119,597.50. Following the completion of the transaction, the insider owned 1,027,283 shares in the company, valued at $29,020,744.75. This trade represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded up $0.05 during mid-day trading on Thursday, hitting $28.00. 25,035,719 shares of the company were exchanged, compared to its average volume of 25,729,393. The stock has a 50 day simple moving average of $28.32 and a 200-day simple moving average of $23.08. Warner Bros. Discovery, Inc. has a 1-year low of $7.52 and a 1-year high of $30.00. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The firm has a market cap of $69.38 billion, a price-to-earnings ratio of 96.56 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. The firm had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same period in the previous year, the firm earned ($0.20) EPS. The firm’s revenue was down 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WBD shares. Benchmark restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Guggenheim cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and upped their price target for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Wells Fargo & Company raised 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. UBS Group boosted their target price on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 target price on Warner Bros. Discovery in a report on Thursday, December 18th. Six analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus price target of $25.34.

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Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently modified their holdings of the company. Concord Wealth Partners lifted its stake in shares of Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after buying an additional 440 shares during the period. Swiss RE Ltd. purchased a new position in shares of Warner Bros. Discovery during the 4th quarter worth $26,000. Physician Wealth Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of Warner Bros. Discovery during the second quarter worth $29,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at $29,000. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery News Roundup

Here are the key news stories impacting Warner Bros. Discovery this week:

Warner Bros. Discovery Company Profile

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Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.

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Insider Buying and Selling by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

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