Norinchukin Bank The Boosts Stock Position in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Norinchukin Bank The raised its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,265 shares of the company's stock after acquiring an additional 36,240 shares during the period. Norinchukin Bank The's holdings in Warner Bros. Discovery were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Advisors raised 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 worth $25,000 after purchasing an additional 996 shares during the period. Stonebridge Financial Group LLC purchased a new position in Warner Bros. Discovery during the 4th quarter worth $26,000. SRS Capital Advisors Inc. raised its position 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 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 in the 4th quarter worth $28,000. Finally, Ethos Financial Group LLC bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth $29,000. 59.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on WBD. Raymond James cut their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their target price for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Barclays cut their price target on Warner Bros. Discovery from $12.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.01.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock traded up $0.09 during mid-day trading on Friday, hitting $8.59. The company had a trading volume of 24,360,401 shares, compared to its average volume of 32,913,685. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of -1.88, a P/E/G ratio of 8.64 and a beta of 1.43. The company's fifty day moving average is $9.85 and its 200-day moving average is $9.75. Warner Bros. Discovery, Inc. has a 12-month low of $6.64 and a 12-month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Insider Activity

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction on Monday, March 3rd. The stock was acquired at an average price 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 of the company's stock, valued at $1,824,824.12. The trade was a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company's stock.

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.