O Shaughnessy Asset Management LLC Buys 60,836 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

O Shaughnessy Asset Management LLC raised its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 85.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,910 shares of the company's stock after purchasing an additional 60,836 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Warner Bros. Discovery were worth $1,394,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Golden State Equity Partners lifted its stake in shares of Warner Bros. Discovery by 6.5% in the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock valued at $170,000 after acquiring an additional 986 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of Warner Bros. Discovery by 12.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock valued at $105,000 after acquiring an additional 1,066 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after acquiring an additional 1,101 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock valued at $454,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Avestar Capital LLC raised its position in Warner Bros. Discovery by 9.4% during the 4th quarter. Avestar Capital LLC now owns 14,337 shares of the company's stock worth $152,000 after purchasing an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

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Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the purchase, the director now directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Bank of America reaffirmed a "buy" rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Guggenheim raised their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Barrington Research reaffirmed an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group raised their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.71.

Warner Bros. Discovery Stock Down 12.7 %

WBD stock traded down $1.18 during mid-day trading on Thursday, reaching $8.09. 12,439,395 shares of the company traded hands, compared to its average volume of 32,247,571. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of -1.77, a P/E/G ratio of 8.64 and a beta of 1.43. 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 fifty-two week low of $6.64 and a fifty-two week high of $12.70. The firm's 50 day moving average price is $10.29 and its 200 day moving average price is $9.76.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. As a group, equities research analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

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.