Cibc World Markets Corp Has $19.73 Million Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Cibc World Markets Corp boosted its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,866,446 shares of the company's stock after purchasing an additional 39,592 shares during the quarter. Cibc World Markets Corp owned about 0.08% of Warner Bros. Discovery worth $19,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Warner Bros. Discovery by 4.1% during the 3rd 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 period. Sessa Capital IM L.P. lifted its stake in shares of Warner Bros. Discovery by 24.7% in the third quarter. Sessa Capital IM L.P. now owns 28,410,428 shares of the company's stock valued at $234,386,000 after buying an additional 5,625,545 shares during the period. EdgePoint Investment Group Inc. lifted its stake in shares of Warner Bros. Discovery by 2.6% in the third quarter. EdgePoint Investment Group Inc. now owns 21,396,719 shares of the company's stock valued at $176,523,000 after buying an additional 541,192 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Warner Bros. Discovery by 1.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 20,889,437 shares of the company's stock worth $172,338,000 after buying an additional 329,620 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Warner Bros. Discovery by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,547,162 shares of the company's stock valued at $174,904,000 after acquiring an additional 861,656 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

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Insider Buying and Selling

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the firm's stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Trading Up 0.8 %

Shares of NASDAQ WBD traded up $0.09 during midday trading on Friday, hitting $10.74. The stock had a trading volume of 55,493,425 shares, compared to its average volume of 30,458,938. The firm has a market cap of $26.36 billion, a P/E ratio of -2.34, 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. 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 company's 50-day simple moving average is $10.38 and its 200 day simple moving average is $9.54.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $10.16 billion. Research analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lifted their price objective on Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Barrington Research reissued an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Rosenblatt Securities reissued a "neutral" rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Finally, Guggenheim raised their price target 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. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.