Czech National Bank Raises Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Czech National Bank lifted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 484,024 shares of the company's stock after buying an additional 29,498 shares during the quarter. Czech National Bank's holdings in Warner Bros. Discovery were worth $5,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Commerce Bank boosted its position in shares of Warner Bros. Discovery by 2.4% in the third quarter. Commerce Bank now owns 55,963 shares of the company's stock valued at $462,000 after acquiring an additional 1,286 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Warner Bros. Discovery by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company's stock valued at $1,939,000 after purchasing an additional 1,387 shares during the period. GAM Holding AG grew its position in shares of Warner Bros. Discovery by 0.3% during the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company's stock valued at $3,776,000 after purchasing an additional 1,437 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in shares of Warner Bros. Discovery by 5.4% in the third quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company's stock worth $234,000 after purchasing an additional 1,461 shares during the period. Finally, PFG Investments LLC raised its position in shares of Warner Bros. Discovery by 1.4% in the third quarter. PFG Investments LLC now owns 112,307 shares of the company's stock worth $927,000 after buying an additional 1,517 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Price Performance

WBD stock opened at $9.79 on Thursday. 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 50 day moving average price of $10.36 and a 200-day moving average price of $8.69. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of -2.14 and a beta of 1.50.

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

Insider Buying and Selling

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wolfe Research upgraded Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. The Goldman Sachs Group upped their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Raymond James raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Rosenblatt Securities boosted their price target on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.56.

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.