Mizuho Securities USA LLC Raises Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Mizuho Securities USA LLC grew its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 46.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,579 shares of the company's stock after purchasing an additional 66,895 shares during the period. Mizuho Securities USA LLC's holdings in Warner Bros. Discovery were worth $2,236,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Contrarius Group Holdings Ltd purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth approximately $168,930,000. State Street Corp boosted its stake in shares of Warner Bros. Discovery by 4.1% during the third quarter. State Street Corp now owns 151,285,963 shares of the company's stock valued at $1,248,109,000 after purchasing an additional 5,898,611 shares during the period. Amundi increased its stake in Warner Bros. Discovery by 108.1% in the 4th quarter. Amundi now owns 10,151,114 shares of the company's stock worth $102,120,000 after buying an additional 5,272,717 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at about $23,825,000. Finally, LBP AM SA bought a new position in Warner Bros. Discovery in the 4th quarter worth about $21,032,000. 59.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WBD. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a report on Friday, February 28th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. KeyCorp boosted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Barclays increased their price objective on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, Barrington Research reissued an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.91.

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Insider Transactions at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company's stock.

Warner Bros. Discovery Stock Performance

Shares of Warner Bros. Discovery stock traded up $0.01 on Tuesday, reaching $10.98. 37,142,808 shares of the stock were exchanged, compared to its average volume of 30,449,376. Warner Bros. Discovery, Inc. has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $26.95 billion, a price-to-earnings ratio of -2.40, a PEG ratio of 8.64 and a beta of 1.48. The business has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $9.65.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results 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 return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion for the quarter, compared to analysts' expectations of $10.16 billion. Analysts anticipate that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

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.