Discovery Communications Inc. (NASDAQ:DISCA) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 37,539 call options on the company. This is an increase of approximately 710% compared to the typical volume of 4,637 call options.

Several equities analysts have recently issued reports on DISCA shares. Barrington Research reissued a “buy” rating and issued a $30.00 price target on shares of Discovery Communications in a report on Friday, August 17th. Citigroup boosted their price target on shares of Discovery Communications from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Jefferies Financial Group raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, August 21st. Macquarie set a $38.00 price target on shares of Discovery Communications and gave the company a “buy” rating in a report on Friday, September 14th. Finally, Bank of America boosted their price target on shares of Discovery Communications from $30.00 to $35.50 and gave the company a “buy” rating in a report on Thursday, September 13th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Discovery Communications has a consensus rating of “Buy” and a consensus target price of $32.79.

Shares of NASDAQ:DISCA opened at $29.15 on Friday. Discovery Communications has a 12-month low of $19.03 and a 12-month high of $34.89. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.39 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.61.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). Discovery Communications had a positive return on equity of 17.05% and a negative net margin of 8.52%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. Equities analysts expect that Discovery Communications will post 2.67 earnings per share for the current fiscal year.

In other Discovery Communications news, Director Kenneth W. Lowe sold 58,000 shares of Discovery Communications stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $28.88, for a total transaction of $1,675,040.00. Following the completion of the sale, the director now owns 1,236,060 shares of the company’s stock, valued at approximately $35,697,412.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Leavy sold 39,278 shares of Discovery Communications stock in a transaction on Monday, November 12th. The stock was sold at an average price of $31.65, for a total transaction of $1,243,148.70. The disclosure for this sale can be found here. Insiders have sold a total of 281,031 shares of company stock valued at $8,506,185 in the last ninety days. Company insiders own 6.73% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $122,000. FNY Investment Advisers LLC bought a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $172,000. Dupont Capital Management Corp lifted its holdings in shares of Discovery Communications by 108.8% during the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock worth $165,000 after acquiring an additional 3,132 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $200,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Discovery Communications during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 41.80% of the company’s stock.

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Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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