WBD stock icon

Warner Bros
WBD

$8.32
4.01%

Market Cap: 20.4B

 

About: Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 60 countries.

Employees: 35,300

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 21 analysts
0
News positive %
of 42 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

0.25% more ownership

Funds ownership: 59.89% [Q4 2023] → 60.14% (+0.25%) [Q1 2024]

5% less funds holding

Funds holding: 1,224 [Q4 2023] → 1,166 (-58) [Q1 2024]

23% less capital invested

Capital invested by funds: $16.6B [Q4 2023] → $12.8B (-$3.77B) [Q1 2024]

26% less repeat investments, than reductions

Existing positions increased: 372 | Existing positions reduced: 502

35% less first-time investments, than exits

New positions opened: 109 | Existing positions closed: 167

36% less funds holding in top 10

Funds holding in top 10: 22 [Q4 2023] → 14 (-8) [Q1 2024]

60% less call options, than puts

Call options by funds: $188M | Put options by funds: $473M

Research analyst outlook

21 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$7
16%
downside
Avg. target
$13.07
57%
upside
High target
$20
140%
upside

21 analyst ratings

13 positive
62%
neutral
29%
negative
10%
Benchmark
Matthew Harrigan
140%upside
$20
Buy
Reiterated
17 Jul 2024
Evercore ISI Group
Vijay Jayant
20%upside
$10
Outperform
Maintained
16 Jul 2024
Goldman Sachs
Michael Ng
2%upside
$8.5
Neutral
Initiated
25 Jun 2024
Benchmark
Matthew Harrigan
140%upside
$20
Buy
Reiterated
17 Jun 2024
Barrington Research
James Goss
80%upside
$15
Outperform
Maintained
28 May 2024

Financial journalist opinion

Based on 42 articles about WBD published over the past 30 days