Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Purchased by Aviva PLC

Aviva PLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 1,421.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,408,258 shares of the company's stock after purchasing an additional 1,315,719 shares during the period. Aviva PLC owned approximately 0.06% of Warner Bros. Discovery worth $14,885,000 as of its most recent filing with the SEC.

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

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Insider Buying and Selling

In other news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The shares were 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 of the company's stock, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Warner Bros. Discovery Trading Down 1.6 %

Shares of NASDAQ:WBD traded down $0.13 during midday trading on Friday, reaching $7.97. The company's stock had a trading volume of 36,401,826 shares, compared to its average volume of 32,455,414. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of -1.74, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. The business has a 50 day moving average price of $10.21 and a 200 day moving average price of $9.77. Warner Bros. Discovery, Inc. has a 1 year low of $6.64 and a 1 year high of $12.70. 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, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The company 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 forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Wall Street Analyst Weigh In

WBD has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. Benchmark reissued a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective 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. Rosenblatt Securities reiterated a "neutral" rating and set a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Finally, Barrington Research restated an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.71.

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.