Caisse Des Depots ET Consignations Makes New $1.08 Million Investment in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Caisse Des Depots ET Consignations purchased a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 102,094 shares of the company's stock, valued at approximately $1,079,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WBD. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth $26,000. SRS Capital Advisors Inc. boosted its holdings in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after buying an additional 1,940 shares during the last quarter. Graney & King LLC acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $28,000. Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $29,000. Finally, Briaud Financial Planning Inc boosted its stake in Warner Bros. Discovery by 258.1% during the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 59.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Bank of America reissued a "buy" rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. KeyCorp boosted their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Rosenblatt Securities restated a "neutral" rating and set a $13.00 target price on shares of Warner Bros. Discovery in a report on Friday, March 7th. Guggenheim increased their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery currently has an average rating of "Moderate Buy" and a consensus price target of $11.91.

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Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the transaction, the director now owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ:WBD traded down $0.15 on Tuesday, reaching $10.59. 15,833,545 shares of the company's stock were exchanged, compared to its average volume of 31,574,336. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a fifty day moving average of $10.54 and a 200-day moving average of $9.75. The company has a market capitalization of $25.98 billion, a price-to-earnings ratio of -2.31, a PEG ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. On average, research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Warner Bros. Discovery Profile

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.