Global Endowment Management LP Acquires New Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Global Endowment Management LP acquired a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 83,531 shares of the company's stock, valued at approximately $883,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Advisors grew its position in Warner Bros. Discovery by 71.8% in the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its holdings in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after purchasing an additional 1,940 shares during the period. Graney & King LLC purchased a new stake in shares of Warner Bros. Discovery during the fourth quarter worth approximately $28,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WBD. Citigroup lifted their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Raymond James dropped their price objective on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Benchmark restated a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, Barclays decreased their price objective on Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus price target of $11.76.

Warner Bros. Discovery Stock Up 2.4 %

Warner Bros. Discovery stock traded up $0.19 during trading on Friday, reaching $8.11. 31,292,791 shares of the company's stock were exchanged, compared to its average volume of 32,696,824. 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 cap of $19.91 billion, a price-to-earnings ratio of -1.77, a PEG ratio of 8.64 and a beta of 1.43. 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 company's 50-day moving average is $10.01 and its two-hundred day moving average is $9.75.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. On average, analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

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.