71,239 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 71,239 shares of the company's stock, valued at approximately $588,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Family Firm Inc. bought a new stake in shares of Warner Bros. Discovery in the second quarter valued at approximately $26,000. OFI Invest Asset Management lifted its position in shares of Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock valued at $27,000 after acquiring an additional 1,221 shares during the period. LRI Investments LLC acquired a new stake in shares of Warner Bros. Discovery during the 1st quarter worth $39,000. Larson Financial Group LLC increased its position in shares of Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock worth $41,000 after purchasing an additional 1,754 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in Warner Bros. Discovery in the third quarter valued at about $41,000. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Stock Up 2.7 %

Shares of NASDAQ:WBD opened at $10.38 on Thursday. The firm has a market cap of $25.46 billion, a P/E ratio of -2.27 and a beta of 1.48. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70. The business has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $7.98. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. Analysts predict that Warner Bros. Discovery, Inc. will post -4.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WBD. JPMorgan Chase & Co. reduced their price objective on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities restated a "neutral" rating and set a $9.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, September 13th. Macquarie upped their target price on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. TD Cowen lowered their price target on Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.55.

Warner Bros. Discovery Company 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.

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