B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 205,415 shares of the company's stock, valued at approximately $1,695,000.

A number of other large investors also recently made changes to their positions in WBD. Principal Financial Group Inc. lifted its holdings in shares of Warner Bros. Discovery by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company's stock valued at $21,281,000 after buying an additional 78,653 shares during the last quarter. Private Management Group Inc. lifted its stake in Warner Bros. Discovery by 37.7% in the third quarter. Private Management Group Inc. now owns 6,886,143 shares of the company's stock valued at $56,811,000 after acquiring an additional 1,886,868 shares during the last quarter. Mackenzie Financial Corp grew its position in Warner Bros. Discovery by 1,216.7% in the second quarter. Mackenzie Financial Corp now owns 3,009,558 shares of the company's stock worth $22,391,000 after acquiring an additional 2,780,986 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Warner Bros. Discovery by 629.4% during the 3rd quarter. International Assets Investment Management LLC now owns 189,239 shares of the company's stock worth $1,561,000 after purchasing an additional 163,295 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Warner Bros. Discovery by 21.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 599,957 shares of the company's stock worth $5,028,000 after purchasing an additional 105,321 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Warner Bros. Discovery from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their target price on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Monday, October 7th. Raymond James upped their target price on Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Macquarie lifted their price target on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $12.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.55.

Warner Bros. Discovery Price Performance

WBD traded down $0.12 during trading on Friday, hitting $10.11. The company's stock had a trading volume of 27,340,503 shares, compared to its average volume of 35,754,008. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of -2.21 and a beta of 1.48. The firm's 50 day moving average price is $8.34 and its two-hundred day moving average price is $7.95. Warner Bros. Discovery, Inc. has a 12 month low of $6.64 and a 12 month high of $12.70.

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

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.