1,989,791 Shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) Acquired by Lbp Am Sa

LBP AM SA bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,989,791 shares of the company's stock, valued at approximately $21,032,000. LBP AM SA owned approximately 0.08% of Warner Bros. Discovery at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after acquiring an additional 1,940 shares during the period. Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery during the fourth quarter worth about $29,000. Briaud Financial Planning Inc grew its position in Warner Bros. Discovery by 258.1% in the 4th quarter. Briaud Financial Planning Inc now owns 2,775 shares of the company's stock valued at $29,000 after buying an additional 2,000 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in Warner Bros. Discovery during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

WBD stock traded down $0.09 during mid-day trading on Tuesday, reaching $10.39. The company had a trading volume of 33,419,012 shares, compared to its average volume of 30,279,790. The stock has a market capitalization of $25.50 billion, a P/E ratio of -2.27, a P/E/G ratio of 8.64 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The stock's 50-day simple moving average is $10.36 and its two-hundred day simple moving average is $9.49.

Remove Ads

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WBD shares. Needham & Company LLC reissued a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Bank of America reaffirmed a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Citigroup raised their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, 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 report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.91.

Insiders Place Their Bets

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated 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 acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

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.