Blueshift Asset Management LLC Has $462,000 Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Blueshift Asset Management LLC reduced its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,719 shares of the company's stock after selling 27,520 shares during the period. Blueshift Asset Management LLC's holdings in Warner Bros. Discovery were worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Contrarius Group Holdings Ltd bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $168,930,000. State Street Corp grew its stake in Warner Bros. Discovery by 4.1% during the third quarter. State Street Corp now owns 151,285,963 shares of the company's stock worth $1,248,109,000 after buying an additional 5,898,611 shares during the last quarter. Sessa Capital IM L.P. increased its holdings in shares of Warner Bros. Discovery by 24.7% during the third quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company's stock worth $234,386,000 after buying an additional 5,625,545 shares in the last quarter. Amundi raised its stake in shares of Warner Bros. Discovery by 108.1% in the fourth quarter. Amundi now owns 10,151,114 shares of the company's stock valued at $102,120,000 after acquiring an additional 5,272,717 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in shares of Warner Bros. Discovery in the 4th quarter worth approximately $23,825,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Up 0.1 %

WBD stock traded up $0.01 during mid-day trading on Tuesday, reaching $10.98. The company had a trading volume of 37,142,808 shares, compared to its average volume of 30,440,041. 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 capitalization of $26.95 billion, a price-to-earnings ratio of -2.40, a PEG ratio of 8.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $10.42 and a two-hundred day simple moving average of $9.62.

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Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 27.56% and a negative net margin of 28.34%. As a group, equities analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark reissued a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Bank of America reiterated 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 boosted their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Citigroup increased their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.