NEOS Investment Management LLC Has $3.25 Million Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

NEOS Investment Management LLC boosted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 307,864 shares of the company's stock after purchasing an additional 62,112 shares during the quarter. NEOS Investment Management LLC's holdings in Warner Bros. Discovery were worth $3,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. lifted its stake in shares of Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock valued at $27,000 after purchasing an additional 1,940 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $28,000. Ethos Financial Group LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter worth approximately $29,000. Finally, Briaud Financial Planning Inc raised its holdings in Warner Bros. Discovery by 258.1% in the fourth 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 period. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the transaction, the director now owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

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Warner Bros. Discovery Stock Up 2.3 %

WBD traded up $0.24 during trading on Wednesday, reaching $10.45. 14,193,990 shares of the stock traded hands, compared to its average volume of 31,645,389. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The stock's 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $9.76. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of -2.28, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released 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 business had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Analyst Ratings Changes

WBD has been the subject of several recent research reports. Barclays increased their price objective on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Bank of America restated a "buy" rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. KeyCorp upped their target price on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Benchmark reaffirmed a "buy" rating and set a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Finally, Guggenheim raised their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.91.

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.