Mirae Asset Global Investments Co. Ltd. Buys 65,363 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mirae Asset Global Investments Co. Ltd. raised its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665,320 shares of the company's stock after acquiring an additional 65,363 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Warner Bros. Discovery were worth $7,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised 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 in the last quarter. Sessa Capital IM L.P. raised its holdings in shares of Warner Bros. Discovery by 24.7% during the 3rd 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. EdgePoint Investment Group Inc. raised its holdings in shares of Warner Bros. Discovery by 2.6% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 21,396,719 shares of the company's stock worth $176,523,000 after buying an additional 541,192 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Warner Bros. Discovery by 1.6% during the 3rd 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 shares of Warner Bros. Discovery by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,685,506 shares of the company's stock worth $129,405,000 after buying an additional 687,612 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Warner Bros. Discovery Trading Down 1.3 %

Shares of Warner Bros. Discovery stock traded down $0.13 on Tuesday, hitting $9.85. 27,456,604 shares of the company's stock traded hands, compared to its average volume of 26,028,492. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year 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 has a fifty day moving average of $10.43 and a two-hundred day moving average of $9.01. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of -2.15, a price-to-earnings-growth ratio of 7.98 and a beta of 1.49.

Wall Street Analysts Forecast Growth

WBD has been the subject of a number of research analyst reports. Macquarie boosted their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Bank of America restated a "buy" rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. 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. KeyCorp boosted their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Finally, Rosenblatt Securities boosted their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Warner Bros. Discovery currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.76.

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.