Aire Advisors LLC Has $1.03 Million Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Aire Advisors LLC lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,390 shares of the company's stock after purchasing an additional 39,712 shares during the period. Aire Advisors LLC's holdings in Warner Bros. Discovery were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Equity Partners grew its position in shares of Warner Bros. Discovery by 6.5% during the fourth quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock worth $170,000 after buying an additional 986 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in Warner Bros. Discovery by 12.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock worth $105,000 after acquiring an additional 1,066 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after purchasing an additional 1,101 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock valued at $454,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Avestar Capital LLC increased its holdings in Warner Bros. Discovery by 9.4% in the fourth quarter. Avestar Capital LLC now owns 14,337 shares of the company's stock valued at $152,000 after buying an additional 1,228 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

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Warner Bros. Discovery Price Performance

Shares of Warner Bros. Discovery stock traded down $0.64 on Friday, hitting $10.37. The company had a trading volume of 52,595,970 shares, compared to its average volume of 31,457,814. Warner Bros. Discovery, Inc. has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a market cap of $25.46 billion, a PE ratio of -2.26, a PEG ratio of 8.64 and a beta of 1.48. The business has a 50-day simple moving average of $10.52 and a 200-day simple moving average of $9.70. 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 quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). The firm had revenue of $10.03 billion for 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 expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WBD. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. KeyCorp raised their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Benchmark reiterated a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Finally, Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.91.

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.