135,432 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 135,432 shares of the company's stock, valued at approximately $1,432,000.

Several other institutional investors have also made changes to their positions in WBD. State Street Corp increased its position in Warner Bros. Discovery by 4.1% during the third quarter. State Street Corp now owns 151,285,963 shares of the company's stock worth $1,248,109,000 after buying an additional 5,898,611 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Warner Bros. Discovery by 2.6% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 21,396,719 shares of the company's stock valued at $176,523,000 after acquiring an additional 541,192 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Warner Bros. Discovery by 1.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 20,889,437 shares of the company's stock valued at $172,338,000 after acquiring an additional 329,620 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Warner Bros. Discovery by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,547,162 shares of the company's stock worth $174,904,000 after purchasing an additional 861,656 shares during the last quarter. Finally, Contrarius Group Holdings Ltd bought a new stake in Warner Bros. Discovery during the fourth quarter worth approximately $168,930,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on WBD shares. Barclays lifted their price target on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Benchmark reaffirmed a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.91.

Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded down $0.01 during midday trading on Tuesday, hitting $10.97. 21,485,845 shares of the company were exchanged, compared to its average volume of 30,440,041. The firm has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $9.62. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The firm has a market cap of $26.92 billion, a P/E ratio of -2.40, a PEG ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

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

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

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.