Achmea Investment Management B.V. Buys 95,277 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Achmea Investment Management B.V. boosted its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 102.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,300 shares of the company's stock after buying an additional 95,277 shares during the quarter. Achmea Investment Management B.V.'s holdings in Warner Bros. Discovery were worth $1,990,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Essential Planning LLC. acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth about $731,000. EverSource Wealth Advisors LLC boosted its position in Warner Bros. Discovery by 522.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 17,301 shares of the company's stock valued at $183,000 after purchasing an additional 14,521 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Warner Bros. Discovery by 9.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 61,378 shares of the company's stock valued at $649,000 after purchasing an additional 5,251 shares in the last quarter. Moors & Cabot Inc. grew its stake in Warner Bros. Discovery by 9.3% in the fourth quarter. Moors & Cabot Inc. now owns 48,271 shares of the company's stock valued at $510,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Briaud Financial Planning Inc increased its position in shares of 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 purchasing an additional 2,000 shares during the last quarter. Institutional investors own 59.95% of the company's stock.

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Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded up $0.53 during trading on Wednesday, reaching $10.92. 36,583,648 shares of the company traded hands, compared to its average volume of 30,301,358. 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, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The firm has a market capitalization of $26.81 billion, a PE ratio of -2.38, a PEG ratio of 8.64 and a beta of 1.48. The company's 50 day moving average is $10.35 and its two-hundred day moving average is $9.53.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data 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). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares in the company, 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 filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WBD. Bank of America reissued a "buy" rating and issued a $14.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Guggenheim raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Finally, Citigroup upped their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus price target of $11.91.

About Warner Bros. Discovery

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.