American Century Companies Inc. Boosts Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

American Century Companies Inc. boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 249.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,797,336 shares of the company's stock after buying an additional 1,282,709 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Warner Bros. Discovery worth $18,998,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cerity Partners LLC lifted its position in shares of Warner Bros. Discovery by 81.0% during the third quarter. Cerity Partners LLC now owns 210,104 shares of the company's stock valued at $1,733,000 after buying an additional 94,050 shares during the last quarter. Townsquare Capital LLC lifted its position in Warner Bros. Discovery by 47.9% during the third quarter. Townsquare Capital LLC now owns 27,134 shares of the company's stock valued at $224,000 after acquiring an additional 8,784 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Warner Bros. Discovery by 107.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 466,104 shares of the company's stock valued at $3,845,000 after acquiring an additional 241,150 shares during the last quarter. FORA Capital LLC acquired a new stake in Warner Bros. Discovery in the third quarter valued at approximately $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Warner Bros. Discovery by 3.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 435,989 shares of the company's stock worth $3,597,000 after purchasing an additional 15,414 shares during the last quarter. Institutional investors own 59.95% of the company's stock.

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Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock traded down $1.40 during midday trading on Thursday, hitting $9.16. 52,803,593 shares of the company were exchanged, compared to its average volume of 31,844,856. The business has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $9.76. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $22.49 billion, a PE ratio of -2.00, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) 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. On average, sell-side analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

WBD has been the topic of a number of recent analyst reports. Bank of America reaffirmed a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Guggenheim upped their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, December 12th. Citigroup raised their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group increased 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.91.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction on 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 transaction, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. This trade represents 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 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.