Quintet Private Bank Europe S.A. Boosts Stock Holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Quintet Private Bank Europe S.A. boosted its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 26.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 321,921 shares of the company's stock after acquiring an additional 67,600 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Warner Bros. Discovery were worth $3,403,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter worth about $26,000. SRS Capital Advisors Inc. raised its stake 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 worth $27,000 after acquiring an additional 1,940 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $33,000. New Wave Wealth Advisors LLC purchased a new stake in Warner Bros. Discovery in the 4th quarter valued at $37,000. Finally, Larson Financial Group LLC boosted its stake in shares of Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock worth $41,000 after buying an additional 1,754 shares during the period. Hedge funds and other institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Up 1.0 %

WBD stock traded up $0.11 during mid-day trading on Wednesday, hitting $11.43. 40,442,219 shares of the company were exchanged, compared to its average volume of 30,004,672. The firm's 50 day simple moving average is $10.36 and its 200 day simple moving average is $9.34. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70. The firm has a market cap of $28.04 billion, a P/E ratio of -2.50, a P/E/G ratio of 8.64 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its 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). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. On average, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WBD has been the topic of several recent research reports. Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Raymond James upped their price target on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Guggenheim increased their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a report on Thursday, December 12th. Citigroup raised their price objective on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Bank of America reissued a "buy" rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.91.

Insiders Place Their Bets

In related news, insider Savalle Sims sold 169,436 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares in the company, valued at $7,407,558.12. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company's stock.

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.